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29-07-2009, 05:49 PM
#541
I've taking some profits today sitting on round 50k in cash atm sold down some of my Gold interests .....believe the overall market will keep flat to negative with a couple up days per week overall long term resources will do well short term I'm looking to buy cheaper rather than paying up at this stage
still believe we could see a major move down round OCT
placing tight stops this time
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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30-07-2009, 03:59 PM
#542
good for a laugh the presenter is a idiot CNBC -peter schiff (A guy I follow)
http://www.youtube.com/watch?v=Vc5BK...e=channel_page
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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30-07-2009, 04:27 PM
#543
 Originally Posted by JBmurc
I've taking some profits today sitting on round 50k in cash atm sold down some of my Gold interests .....believe the overall market will keep flat to negative with a couple up days per week overall long term resources will do well short term I'm looking to buy cheaper rather than paying up at this stage
still believe we could see a major move down round OCT
placing tight stops this time
Still holding onto CFE?
There quarterly must be due today/tomorrow?
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30-07-2009, 05:02 PM
#544
Originally Posted by shasta
Still holding onto CFE?
There quarterly must be due today/tomorrow?
yeah I sure am till they reach $1+ gotta love the buying strenght today
I'd say they will annouce Qtr tomorrow with the likes of STX
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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30-07-2009, 05:42 PM
#545
Originally Posted by JBmurc
yeah I sure am till they reach $1+ gotta love the buying strenght today
I'd say they will annouce Qtr tomorrow with the likes of STX
Im in the que for 36.5 for my holding in CFE. Hopefully this will sell today or tomorrow opening.
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31-07-2009, 06:41 AM
#546
This rally highlighting dangers of sitting on the sidelines
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31-07-2009, 07:38 AM
#547
Holy shiat this bull**** is not slowing down but picking up speed.  
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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31-07-2009, 08:20 AM
#548
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31-07-2009, 02:33 PM
#549
Originally Posted by KW
I might have mentioned this before, but the BIGGEST lesson I learnt from the 2000 crash was that you needed to jump back in boots and all before the market turns and the "all clear" is given.
Buffet said it too - buy in fear, sell in greed. I think we are back in the greed phase, so it will pay to be careful. The market will "correct" again before heading higher, so we will probably get good opportunities to exit and re-enter. Or you can just hang on for the ride.
Yep I agree another play I like is to move funds out of high run specs during boom times to cash rich solid cash flow postive producers it saved my ass abit over the last 2yrs thanks to NZO then once the market an some of my smaller holding tanked sold down the NZO holding an topped up cheap undervalued specs.
It all depends on your risk levels safest is cash deposits bonds etc ,
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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31-07-2009, 06:35 PM
#550
Originally Posted by dragonz
Im in the que for 36.5 for my holding in CFE. Hopefully this will sell today or tomorrow opening.
It got there a little bit. I guess you might still be in the cue.
The market has gone berserk and a lot of commentator are using the 4250 - 4300 resistonce area. The market can't go on like this and a correction will be forthcoming. It would be a healthy correction though, not the end of the rally.
Also, today is the end of month squaring for fund manager, hence the big volume in all the major players, espec the big 4 banks.
I can't see any bargain in the market anymore, except for the penny dreadful.
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