Year end wind down

[whatsup]

Has this years year end wind down started?.
I think that we will slowly tail off to year end but we may have the usual blip up early next year, other wise this year hasnt been too bad considering the dia financial situation that the world has found its self in. Just to survive has been a biggee for most, but the bright and nimble have made reasonable money based on the postings posted here.
Good picking for 2010 all.

[Doyle]

Thanks whatsup, should have made more this year but still beat the NZX50 index, so can't complain I guess. Still might be some trading oppertunities while everyone else is on holiday, NZO will definately be one to watch over the christmas period.

[Balance]

Watch the year end window dressing.

Expect this year to be more aggressive than others as funds will be trying to trumpet their achievements in 2009 when they launch heir advertising campaigns in 2010.

[Stranger_Danger]

Been my best year ever, by a good margin. Even better, I was mainly cashed up through 2008 so didn't have major losses to make up.

That said, have been moving increasingly to cash in the last 6 weeks and will continue. I also intend to reduce my "commodity currency" exposures by next May at the latest.

I think 2010 will be full of "interesting times" but don't buy the "new boom" story one iota. Deleveraging is closer to the start than the end IMHO.

[sharer]

... That said, have been moving increasingly to cash in the last 6 weeks and will continue. ...
I think 2010 will be full of "interesting times" but don't buy the "new boom" story one iota. Deleveraging is closer to the start than the end IMHO.

Last three months~ my funds have quietly been moving to cash, except for some modest buys in Oz. My year long effort to cash out of nzx continues & there is still a list of long-held disappointments awaiting the axe.
So overall my position & viewpoint seems to be close to SD above.

Best wishes to everyone here for 2010.
Many thanks to the many Members who share their opinions & advice - even if not always right (how could we be?). Since making a rule for myself to check the ST Forum before making major decisions, the investment performance of both my charitable trust funds & personal estate have improved out of sight. Lets try to keep up the good work through the storms anticipated in coming months.

[beacon]

So overall my position & viewpoint seems to be close to SD above.



Ditto



Many thanks to the many Members who share their opinions & advice - even if not always right (how could we be?).

second that

[etnom]

The Stock Market simply illustrated ... Is there a lesson here?


Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10.


The villagers seeing that there were many monkeys around, went out to the forest and started catching them.


The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20.


This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.


The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it.


The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.


In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city , you can sell it to him for $50."


The villagers squeezed up with all their savings to buy the monkeys.


Then they never saw the man nor his assistant, only monkeys everywhere!!!!

[belgarion]

Was the man call Watson? The assisant, Hotchins?

[Hoop]

The Stock Market simply illustrated ... Is there a lesson here?


Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10.


The villagers seeing that there were many monkeys around, went out to the forest and started catching them.


The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20.


This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms.


The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey let alone catch it.


The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.


In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city , you can sell it to him for $50."


The villagers squeezed up with all their savings to buy the monkeys.


Then they never saw the man nor his assistant, only monkeys everywhere!!!!

Is there a lesson here?
Nope...Its safe to assume that after 85 years all the monkeys have died

http://i458.photobucket.com/albums/qq306/Hoop_1/DOW85years1.jpg
Chart edited by Hoop

[Dr_Who]

I think Etnom is implying the story to the likes of Hangover, Blue Chip... etc.

[Hoop]

I think Etnom is implying the story to the likes of Hangover, Blue Chip... etc.
Not sure about that Doc....Etnom quote:- "The Stock Market simply illustrated...."

[etnom]

When I initially posted I had thought of putting examples but decided not to, as a lot of people have been hurt by these simple scams created by manipulating people’s innocence. Why rub salt on a raw wound.

"The Stock Market simply illustrated...." was more appropriate as in the Stock Market this has happened in the past and will continue to happen in the future. This year one of the monkeys was "a rental property investment using forward projections" next year it will have another name.

The question here is this year… who came out with a big bank balance for his personal use hidden behind a trust fund. Who got stuck with the monkey?

Hoop… Hope you right. I am now off to do some research on Monkey Copulation… Maybe breeding may make me a few millions. May even list my new to be formed Monkey Corporation on the NZX / ASX…. Just kidding

[whatsup]

Down 36 points so far today at this rate the year end will be terrible!!!

[belgarion]

Down 36 points so far today at this rate the year end will be terrible!!!

Re-testing the low hit on the 27th Nov. Nice to see a bounce off the bottom in late trading. Nervous times tho with Aussie economists saying today that things aren't as rosy over there are some would believe. All that said, from a macro point of view, long term and tax risk adverse investors should be adding to their portfolios in this dip.

[whatsup]

Slowwwwwwly winding down !!!

[troyvdh]

...gee only 49 million dollars traded....like a monday....

[whatsup]

Year end wind down still going on but its now a New Year wind down, ,with such a small share market on this side of the Tasman theres just no excitement here any more!!!

[belgarion]

I get the feeling that the buyers are all being patience and only motivated / distressed sellers are selling to them - hence the low volumes and slow, grinding upwards trend.