golden
Junior Member
Posts: 399
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Post by golden on Feb 13, 2011 11:45:19 GMT 10
Would you want this guy managing your portfolio! ........Doesn't look like he has much control to me  Take it easy out there guys  g Attachments:
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Post by fastoy on Feb 14, 2011 7:48:54 GMT 10
There is plenty of doom and gloom about, with retailers suffering, and little room for obvious growth, but meanwhile my favourite barometer bounds ahead.
CAT in the US is now above $100 again, up a further 3% on Friday. Anyone who thinks that has no implications for us is talking in class.
Coates Hire, now a division of Westrac Seven, has just ordered 540 loaders. My insider in Westrac (just kidding..) says that he is run off his feet, and is exhausted. CAT charges arms and legs plus a few other bits just to do a maintainance call-out.
What this means is that the gap between mining and the rest in Australia is widening by the day. How it will play out in Canberra I don't know, but we can expect Wayne and Julia to get very hungry indeed. Which might be their downfall. Maybe the BHP record profit will be an opportunity for them to bring those greedy miners down a peg or two, so we all benefit.
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Post by fastoy on Feb 14, 2011 8:33:19 GMT 10
There was plenty of action on this day 45 years ago.
Decimal currency was introduced. Anyone remember pounds shillings and pence? And we didn't even have calculators then.
Can you imagine today's check-out pimplies dealing with that?
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golden
Junior Member
Posts: 399
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Post by golden on Feb 14, 2011 9:10:58 GMT 10
And threepenny pieces in the Christmas pud fastoy  g |
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Post by cyclops on Feb 14, 2011 10:37:38 GMT 10
?
Don't forget the half penny lol
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golden
Junior Member
Posts: 399
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Post by golden on Feb 14, 2011 15:06:05 GMT 10
"And we didn't even have calculators then." Though they had been invented. The hand-held pocket calculator was invented at Texas Instruments, Incorporated (TI) in 1966 by a development team which included Jerry D. Merryman, James H. Van Tassel and Jack St. Clair Kilby. In 1974 a basic patent for miniature electronic calculators has been issued to Texas Instruments Incorporated. The patent is for personal-sized, battery-operated calculators which have their main electronic circuitry in a single integrated semiconductor circuit array, such as the popular "one-chip" calculators. www.ideafinder.com/history/inventions/handcalculator.htmg |
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r2d2
New Member
Posts: 156
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Post by r2d2 on Feb 14, 2011 19:46:23 GMT 10
And threepenny pieces in the Christmas pud fastoy g I had sixpences...I must be younger than you G |
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golden
Junior Member
Posts: 399
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Post by golden on Feb 15, 2011 8:48:14 GMT 10
Saved them up to build yourself, eh r2 g |
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r2d2
New Member
Posts: 156
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Post by r2d2 on Feb 16, 2011 14:33:52 GMT 10
Not much action this week it seems.  For me there has been....ABU, ABY, KZL, OGC, RMS. Plus BCC in trading halt. Quite a few others go nowhere...sideways. And AGO & EXT in long termers... |
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Post by fastoy on Feb 16, 2011 14:59:37 GMT 10
It 'feels' like nothing much is happening. But that would not be correct.
Beleive it or not, there are actually 24 active stocks currently with bids above their year's high price. And that's only stocks trading with volume above 250000. And they are not all littleies either. At least six have prices above $4, two above $10. (ILU and EXT)
This is why active market-watchers are making money while many big fundies are scratching their heads.
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worm
New Member
Posts: 93
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Post by worm on Feb 16, 2011 15:50:40 GMT 10
F, I remember you mentioning CAT and how you use it as a guide to market movement about 5 yrs ago... maybe more. Believe it or not, but I was wondering a few months ago if you still used it.
cheers
Lee
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r2d2
New Member
Posts: 156
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Post by r2d2 on Feb 17, 2011 10:45:57 GMT 10
FXJ may be worth watching here. It is the most heavily shorted stock on the ASX so if it gets a run up long there may be some serious short-covering to drive it.
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