golden
Junior Member
Posts: 399
|
Post by golden on Oct 23, 2011 16:24:17 GMT 10
Seems they are not hibernating yet! Take it easy out there guys g Attachments:
|
|
|
Post by cyclops on Oct 23, 2011 18:40:37 GMT 10
Welcome back G .... was thinking maybe this thread should be changed to This Months Action ?
|
|
|
Post by fintain on Oct 25, 2011 8:14:53 GMT 10
yes Very good to see you back Golden
|
|
golden
Junior Member
Posts: 399
|
Post by golden on Oct 25, 2011 19:44:20 GMT 10
Shucks guys It's a thought cyclops, then it wouldn't look like no one was participating...........good thinking ;D The state of this board and the market I suspect, are going to wander on for awhile. g
|
|
|
Post by cyclops on Oct 27, 2011 11:02:44 GMT 10
THOUSANDS of trades are under review after the Australian stock exchange was suspended by technical problems.
Trading in the sharemarket has stopped indefinitely with all markets placed into "enquire'' until further notice.
The ASX sent out an alert shortly after the market opened at 10am, adding that all trades for Thursday were under review.
ASX Ltd general manager for media and communications Matthew Gibbs said the market was halted at 10.05am after the technical issue was detected.
"That is currently under investigation,'' Mr Gibbs said, but declined to provide more details.
Mr Gibbs said 6700 trades had been made before trading was halted, and all those trades were now under review.
He added that the exchange was seeking to resolve the issue as soon as possible and there would be no more trading until that happened.
|
|
|
Post by fastoy on Oct 27, 2011 19:35:17 GMT 10
I was actually physically inside the Sydney Stock Exchange building today when the computers stopped. The big fancy board just went all quiet.
I was attending a Blackrock forum session, attended by two heavies from their GMI division.
I came away even more of the opinion that what we have seen lately will turn out to be the start of some market fortunes.
An observation was made that most Gen y-ers, are traders not investors, they trade like crazy all the time. Which creates opportunities for those more of an investment bent.
Interesting times indeed.
|
|
|
Post by cyclops on Oct 27, 2011 21:54:12 GMT 10
So Fastoy, you accidently pushed a big red button with a large sign above it saying ... DON"T PUSH THIS BUTTON ;D Good point about Traders and Investors. I have three portfolios, one with a few stocks I almost never touch, some stocks going back to the 80ies and it's the conerstone of any wealth I have. The second portfolio is one I started about 12 months ago, its a wealth building portfolio and consists mainly of US stocks that look like they have potential but are undervalued, a few I own are CAT, APPL, DELL, MSFT, CHK, SA, LLL, LH, RVBD, XOM etc. I offset these with short positions in Stocks that look like they are very overbought, these consist of Netflex which I covered, as it turns out too soon, last week. Also short GMCR, FOSL, MIDD, CRM and a couple of US sectors, IWM,IWO and the VXX. Currently up ~15% so really pleased about that. I did stuff up a bit as I closed all my short positions after the first big fall, they had done their job or so I thought but the next two big drops hurt, I don't know if its just luck or some good moves on my part that helped the portfolio recover to where it is now. I have learnt a valuable lesson, don't give up the short positions without a long hard look, IWM and IWO are good instruments to keep as an insurance policy at this point in time. The third portfolio is for trading, I usually trade around stocks I have in the wealth building portfolio as I know them pretty well. That portfolio was up around 50% but didn't weather the storm very well, margin calls started coming in and instead of waiting it out one more day I capitulated and sold a lot of stocks right at the bottom lol. I still have more money in there than I started with so it's not that bad .... and at least it is coming back >>>An observation was made that most Gen y-ers, are traders not investors, they trade like crazy all the time. Which creates opportunities for those more of an investment bent <<< I really agree with that .... from managing my wealth creation portfolio and using my trading portfolio at the same time it really rings true. I should probably drop the trading portfolio but I find it fun ;D
|
|