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Old 29-03-2020, 07:43 PM   #151
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Default Re: Coronavirus scare causing markets to fall

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Just a thought. The over 60 seem to be the most effected by this virus. That being the case, why doesn't the federal government make it a policy that every person over 60 MUST self isolate immediately?? Wouldn't that make more sense than shutting the entire country down? Keep the elderly at home, and the 59 and under population still go to work - where possible??
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Brilliant, you should be running for PM

Edit. Yes, I'm over 60
Well, well.. whaddayaknow. Sort of got it. Over 60's with health issues, over 70's and the Indigenous community over 50.

So when I do run for PM, at least I know I have your vote Gaso!

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Old 29-03-2020, 09:28 PM   #152
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Default Re: Coronavirus scare causing markets to fall

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Dumbest s**t ever!

So the dead do not get sick before they die?? They don't need looking after before they die??

No, I'm saying people keep focusing on deaths, when in reality it's the critically ill that will collapse the health system.
For every death you might have 20 in hospital.
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Old 30-03-2020, 06:36 AM   #153
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Default Re: Coronavirus scare causing markets to fall

Can we keep this thread about get rich quick schemes and not doom, gloom and pensioners?
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Old 31-03-2020, 09:47 PM   #154
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Default Re: Coronavirus scare causing markets to fall

Anyone gone for the medical weed shares? I made a couple thousand bucks from these a few years ago, they're junk stocks worth literal cents and they've crashed heaps in the COVID-19 saga.

Last time it was MXC where I bought in at .04 and sold at .11

This time they've applied for a trading halt, this time I've put a few hundred bucks each into AC8 and CAN.

COVID-19 may have taken my beloved Crown Casino from me but there's still weed shares on the ASX
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Old 31-03-2020, 11:45 PM   #155
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Default Re: Coronavirus scare causing markets to fall

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Anyone gone for the medical weed shares? I made a couple thousand bucks from these a few years ago, they're junk stocks worth literal cents and they've crashed heaps in the COVID-19 saga.

Last time it was MXC where I bought in at .04 and sold at .11

This time they've applied for a trading halt, this time I've put a few hundred bucks each into AC8 and CAN.

COVID-19 may have taken my beloved Crown Casino from me but there's still weed shares on the ASX
Franco, What Online trading Platform do you use??

I'm with Nabtrade, & they're got a minimum Buy of $500.
I'd probably have a crack at some of those penny dreadfuls If I could buy small ($2-300) parcels..
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Old 01-04-2020, 05:59 AM   #156
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Default Re: Coronavirus scare causing markets to fall

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Franco, What Online trading Platform do you use??

I'm with Nabtrade, & they're got a minimum Buy of $500.
I'd probably have a crack at some of those penny dreadfuls If I could buy small ($2-300) parcels..
NAB Trade, I'm in $500 each

Let's see how we go on the weed roulette wheel with one large on 0/00 split

I used to use the Bendigo Bank variant, I can't remember their minimums

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Old 01-04-2020, 11:38 AM   #157
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Default Re: Coronavirus scare causing markets to fall

I've bought some weed shares. Even though it's $500 minimum, some purchases you only buy $200 worth due to the insane volumes you buy (I've got 100,000 shares in FGO, went up from 0.001 to 0.002 this morning, score!)
My weeds: SP3, CM8, LNU, MEB, BCT, 4DS, BLG, BRN. Most are medical or AI related, hoping one will make me a millionaire down the track or become the next intel / Microsoft!
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Old 01-04-2020, 01:21 PM   #158
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Cool Re: Coronavirus scare causing markets to fall

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I've bought some weed shares. Even though it's $500 minimum, some purchases you only buy $200 worth due to the insane volumes you buy (I've got 100,000 shares in FGO, went up from 0.001 to 0.002 this morning, score!)
My weeds: SP3, CM8, LNU, MEB, BCT, 4DS, BLG, BRN. Most are medical or AI related, hoping one will make me a millionaire down the track or become the next intel / Microsoft!
AFF Medicinal Weed Investers Punters Club
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Old 01-04-2020, 01:22 PM   #159
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Default Re: Coronavirus scare causing markets to fall

Ok now I get it - medical weed shares. I thought they meant weed shares i.e. shares in rubbish companies...
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Old 01-04-2020, 01:59 PM   #160
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Default Re: Coronavirus scare causing markets to fall

Good.
I hope share martet traders lose heaps.

Dodgy *****.
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Old 01-04-2020, 02:07 PM   #161
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Default Re: Coronavirus scare causing markets to fall

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Good.
I hope share martet traders lose heaps.

Dodgy *****.
So no super then brah?
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Old 01-04-2020, 02:33 PM   #162
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Default Re: Coronavirus scare causing markets to fall

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Ok now I get it - medical weed shares. I thought they meant weed shares i.e. shares in rubbish companies...
That's not a bad idea I might throw some spondoolies on more junk stocks in a few weeks

I have ascended from the casino to the ASX, I might wear a suit jacket, collared shirt and tie with just my jocks while I lounge about at home and put 'day trader' on my CV
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Old 09-04-2020, 10:43 AM   #163
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Default Re: Coronavirus scare causing markets to fall

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Been wanting to play with shares for a while, took the plunge yesterday. Made $740 net profit in a single day. Now's the time to buy I think. My biggest movers are APT, CCP, GTK, SGR - All jumped 20%+ in the past 24 hours
CCP and GTK up 70% and 55% respectively over 2 weeks, other 2 up around 20%. Other shares in my portfolio up to 30% gain.

Market will shoot up by end of May I think. I'm >$4k up in 2 weeks.....
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Old 09-04-2020, 11:39 AM   #164
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Default Re: Coronavirus scare causing markets to fall

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CCP and GTK up 70% and 55% respectively over 2 weeks, other 2 up around 20%. Other shares in my portfolio up to 30% gain.

Market will shoot up by end of May I think. I'm >$4k up in 2 weeks.....
Well done. I'm not checking my fund every day but have seen $1500 and $900 gains in a single day. The markets are looking to the future, they realise the hype has been overcooked.
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Old 14-04-2020, 02:34 PM   #165
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Default Re: Coronavirus scare causing markets to fall

Interested to see if others have taken a punt on the sharemarket recently. As a tip, buy CCA shares, many are thinking a 10-15 fold increase over the next 12 months. I put some cash in there today (currently I'm up $6.4k, with CCP at >90% profit, with 8 others at >40% gain since 26th March).

As the saying goes, be scared when others are greedy, and be greedy when others are scared.
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Old 14-04-2020, 03:07 PM   #166
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Default Re: Coronavirus scare causing markets to fall

So I guess the burning question is will things get worse? As far as the shock from the virus goes perhaps not but will unemployment drive other issues in 2-3 months time?

I cant not believe (sorry I shouldn't be surprised) how GovCo has protected the housing market thus far.

Why can share holder all cry foul and get pay out and subsidies? So many people with multiple housing investments geared to the hilt should be bleeding soon and now they have further measures to lower their risk..unreal.

I havent been brave enough to bite yet but I think we will by the end of the month.
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Old 14-04-2020, 11:59 PM   #167
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Default Re: Coronavirus scare causing markets to fall

DCG and DOW burnt me, down around 75 and 50 % respective, but up another $1500 today. Interesting to see the DJI is approaching 24000 points, I think the markets have factored in the worse and may have hit bottom. Maybe....

Interested in CCA and CCP, and why the buy recommendations?
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Old 15-04-2020, 02:39 PM   #168
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Default Re: Coronavirus scare causing markets to fall

CCP is a credit provider who's share price steadily grew from $18 to $36 the previous 12 months, and then fell off a cliff with news of COVID. It bottomed at $6.25, I bought in at $9.35, now worth $18 and climbing. Predictions pre-COVID of a share price in the $40 to $50 range this year, it's a strong company that I think will get back to those levels.

CCA, from all the research, are a company which should have seen share prices grow last year onwards, but didn't. They've signed on with Mastercard and are the future in terms of cashless payment. Greatly managed with good revenue and future growth, share price was finally moving upwards in Feb (to 20c and beyond) and then crashed due to COVID. Bought in at 6.3c yesterday, at the worst should triple that investment shortly, at best (from some of the analysis) this is a $1.00 - $2.00 company in the next year or so.
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Old 15-04-2020, 04:21 PM   #169
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Default Re: Coronavirus scare causing markets to fall

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CCP is a credit provider .
No they're Not...

They're a Bottom Feeding Debt Collector. & buyer of Bad debts..
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Old 27-04-2020, 09:54 AM   #170
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Default Re: Coronavirus scare causing markets to fall

We've not seen any news on the real estate market....yet. I'm going to bet at least a 20-30% drop in value, large number of mortgage defaults.

https://www.domain.com.au/news/confi...estpac-949157/

Confidence in Australian property market suffers biggest monthly fall in 47 years: Westpac

TAWAR RAZAGHITWITTERJOURNALIST APR 16, 2020

Confidence in the Australian housing market has collapsed, with a Westpac consumer survey recording the single biggest monthly fall in its 47-year history.

The survey, which measures Australian consumer sentiment, saw house price expectations and “whether it is the time to buy property” plunge, as the effects of coronavirus hit hard and fast.

The “time to buy a dwelling” index dropped 26.6 per cent – the biggest monthly decline on record. But at 82, the index is still above the GFC low of 67.1.

Meanwhile, the “price expectations” index dropped by 50.8 per cent to 69.7 in April, a fall nearly four times bigger than the largest monthly decline since Westpac began including that question in 2009.

Westpac chief economist Bill Evans said the latest survey results confirmed that the effects of coronavirus had well and truly reached the Australian property market.

“It indicates that the confidence around the economy, spending and jobs is spilling over into housing,” Mr Evans said. “Confidence around purchasing has taken a [major] hit.

“I found that somewhat disturbing and surprising. It has heightened the negativity about the price outlook.”

He said the sheer drop in just one month was cause for concern.

“The GFC low took 18 months to get to, 18 months of constant deterioration. Whereas this happened in a month,” Mr Evans said. “That qualifies for the term of collapse most definitely.”

He said sentiment around “time to buy” tended to decline when prices rising. Not surprisingly, the time to buy index peaked around May last year when prices reached their bottom.

But with the dramatic downturn in the economy due to the shutdown of entire industries and subsequent mass job losses, Australians’ sentiment around the time to buy property and house price expectations had taken a steep fall.

“This one is out of the box. It’s probably indicating prices are too high in this current environment,” he said.

“You’ve got the double whammy … this time you’ve got both moving down, which is a general ‘get me out of here response’.”

He said while it was early days, it was a cause for concern.

“It is early days and it might be an early reaction, but it was a disturbing reaction. I wasn’t expecting a record fall in the 47 years in sentiment around buying a house at the moment.”

He said the collapse in sentiment and confidence in the property market had hit across the country.

“Sometimes these sorts of questions can be distorted by an atypical movement in one state. But this time … it was a nationally-based trend.”

Westpac forecasts a 10 per cent decline in property prices across Australia by year’s end, but this survey could support more pessimistic forecasts, Mr Evans says.

Overall consumer confidence had also taken a hard hit from COVID-19 with the monthly survey plunging the index by 17.7 per cent to 75.6 in April from 91.9 in March – a figure not seen since the 1980s recession.

A historic low of 64.6 was reached in November 1990, which again took one to two years of continuous deterioration, according to Mr Evans, compared to the one-month collapse in the April survey.

He said despite the collapse in confidence in the property market, many sellers would weather the storm if they were under no pressure to sell and the pool of buyers would simply shrink.

“In the big downturns, such as the early ’80s and ’90s, mortgage rates were double digits. It did flush out sellers. This time it is a lot less onerous to hold properties,” Mr Evans said.

Domain economist Trent Wiltshire said house price declines were almost certain now.

“House price expectations do indicate there will be a decline in prices … I guess the question is how far they will fall,” Mr Wiltshire said.

He said the government’s support packages, particularly the JobKeeper payment, and the banks allowing mortgage repayment freezes would limit forced selling.

“There will be a bigger decline in property sales than in prices, but both will fall,” he said.

He also noted that while many Australians no longer felt it was a good time to buy, the index was still higher than the GFC-low.

“A decent part of the population who have stable income might think it’s a good time to buy in three to six months’ time,” Mr Wiltshire said. “This shock is quite uneven. Not everyone is negatively affected.”
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Old 27-04-2020, 11:33 AM   #171
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Default Re: Coronavirus scare causing markets to fall

Im going to say it aint gonna be that bad

2 months ago i would have agreed but i think aus/nz have thus far handled it well

Markets didnt bottom as far as i thought they were going to - i was thinking dow to 16-17thou, my buy options didnt come into play probably being a bit greedy - im not sure that it will pan out any worse than GFC

Housing i bet 10-15%, some will fare a little better some a little worse

Any pain should be short lived - people adapt, get over it and move on and i think that will happen fairly quickly

The greatest unknown or governing factor is going to overseas markets ability to recover from being affected more by the virus - obviously many of them are in a worse position than us, global supply chains will be different
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Old 02-06-2020, 07:29 PM   #172
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Default Re: Coronavirus scare causing markets to fall

How are you guys going with your stocks? I'm up just under a thousand bucks on the portfolio.

Two of them are up 45% and 60% respectively since I bought in April
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Old 02-06-2020, 08:36 PM   #173
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Default Re: Coronavirus scare causing markets to fall

Mine have recovered from being down 35% at their worst to being down 9% at the moment.
But I’ve also nearly doubled my investment since corona came knocking so that’s skews the figures a bit.


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Old 03-06-2020, 08:48 AM   #174
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Default Re: Coronavirus scare causing markets to fall

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How are you guys going with your stocks? I'm up just under a thousand bucks on the portfolio.

Two of them are up 45% and 60% respectively since I bought in April
I went for gold bullion as soon as Corona started pre xmas.

3kg.....bought at 2140 an ounce sold 2640 an ounce last week...

happy days...big bag of popcorn and sitting back atm.

But I miss it, nothing quite like stroking a kg bar while watching tv...
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Old 03-06-2020, 12:47 PM   #175
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Default Re: Coronavirus scare causing markets to fall

I'm up 55% overall in my portfolio within 2 months, and climbing. 43 stocks in total, 38 in the green, 5 in the red (but only minor).

Top performers:

APT up 193%, PPH up 120%, PAR up 110%, SUL up 106%, CCA up 104%, GTK up 91%, CCP up 89%.

Best decision of the year by far! Still some good stocks out there to invest in.
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Old 03-06-2020, 05:41 PM   #176
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Default Re: Coronavirus scare causing markets to fall

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Top performers:

APT up 193%, PPH up 120%, PAR up 110%, SUL up 106%, CCA up 104%, GTK up 91%, CCP up 89%.
And if you already had them before covid-19, you'd be deep in the red on most of them.
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Old 03-06-2020, 07:02 PM   #177
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And if you already had them before covid-19, you'd be deep in the red on most of them.
There are winners, and there are losers. Luckily I entered the market on 26 March and rode the recovery wave, created by the mass panic, hysteria and sell-off.

Many would have used it as an opportunity to load up and bring their average share costs down.
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Old 03-06-2020, 09:53 PM   #178
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And if you already had them before covid-19, you'd be deep in the red on most of them.
Thats the point of the thread isnt it?
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Old 04-06-2020, 10:39 PM   #179
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Default Re: Coronavirus scare causing markets to fall

Who would have thought Qantas shares would be doing so well?
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Old 05-06-2020, 01:55 PM   #180
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Who would have thought Qantas shares would be doing so well?
It's a strong company with minimal debt, it'll weather the storm better than most. It's @ $4.66 at the moment, will return to $6.00 - $7.00 by Christmas IMO. Lot's of Naysayers out there though with an agenda predicting it's demise and fall to 40c a share, but they have no idea.
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