Slow day today!!

[whatsup]

Soggy day , must be matching the winter weather!!!

[Dr_Who]

Start the wood fire, make a cup of coffee, lay back, relax and buy some Aussie/Asian/European shares later this afternoon/night.

NZ market is dead..... boring.

[zs_cecil]

People keep their money under their duvet :p

[zs_cecil]

Start the wood fire, make a cup of coffee, lay back, relax and buy some Aussie/Asian/European shares later this afternoon/night.

NZ market is dead..... boring.

Is there any good(reasonable fee) broker in NZ allowing us to access Asian and US Market?

[macduffy]

People keep their money under their duvet :p

And thereby miss out on some remarkable recent buys in the Aust market.
Good money has been made in the likes of TSE, BKN, BHP, RIO, CPB, SLR, MCR just to mention a few.
Only need to catch a few of these to take a different view of the market but as the good doc says, you need to lift your focus a bit from the local scene.

;)

[scamper]

and absolutely no trading in twr so far!
what's up?

[macduffy]

and absolutely no trading in twr so far!
what's up?

TWR is a very thinly traded stock.
Have a look at a chart for this year. From January to the end of March TWR only traded about 50% of trading days.

;)

[whatsup]

Another soggy day.

[zs_cecil]

looks like the peace before the storm...

[Lego_Man]

I take it by "storm" you dont mean the start of another hard-thrusting upleg?

[Stranger_Danger]

Is that what the kids are calling it these days?

[BRICKS]

Another soggy day.

Whats new for NEW ZEALAND just keep hoping...

[dragonz]

I take it by "storm" you dont mean the start of another hard-thrusting upleg?

Theres nothing like a good "hard-thrusting upleg" of a storm to keep the share trading interesting. ;)

[Dr_Who]

What a boring day.

What should I buy on a boring day? Any suggestions?

I still hold 50% cash.

[whatsup]

Sleepy in N Z but action aplenty in Auzzie!!

[macduffy]

What a boring day.

What should I buy on a boring day? Any suggestions?

I still hold 50% cash.

I thought you'd given up on the NZX, doc?

Plenty of interest across the Tasman, depending on your appetite for risk.

;)

[Dr_Who]

I thought you'd given up on the NZX, doc?

Plenty of interest across the Tasman, depending on your appetite for risk.

;)


I mean my total investments, I still hold 50% cash.

I have given up on NZ equities. Still holding a few blue chip stocks due to loyalty to this great nation. Apart from that, most of my excitement comes from overseas investments.

[whatsup]

And another ..... ditto !!!

[whatsup]

All the action is with Hotcopper and the Aussie sports board !!!!!!!!!!!!!

[Lego_Man]

I mean my total investments, I still hold 50% cash.

I have given up on NZ equities. Still holding a few blue chip stocks due to loyalty to this great nation. Apart from that, most of my excitement comes from overseas investments.

Yeah, you still need NZ companies for tax-effective yield dont you?

There's just so much more talent to browse it seems in other markets. It's like going to the Playboy Mansion after spending every Friday night of your life at the pub in Eketahuna.

[Yossarian]

There's just so much more talent to browse it seems in other markets. It's like going to the Playboy Mansion after spending every Friday night of your life at the pub in Eketahuna.

very nice analogy!

[fungus pudding]

very nice analogy!



You been to Eketahuna?

[Hoop]

For us bored Kiwis... a true? story

Airport security event

Customs Official : 'May I know your name?'
Passenger : 'Batman'
Customs Official : 'What's your name!?'
Passenger : 'My name is Bat-man'
Customs Official : 'Trying to be funny? What's your surname?'
Passenger : 'Super-man'
Customs Official : 'So you're telling me your name is Batman Superman?'
Passenger : 'Yes'
Customs Official : 'Arrest this guy...





When they had him in custody, he was asked to show his identification card:



http://i458.photobucket.com/albums/qq306/Hoop_1/1244763280.jpg

[Toddy]

. It's like going to the Playboy Mansion after spending every Friday night of your life at the pub in Eketahuna.


Swaping plastic jugs for, well, plastic jugs. The same but different.

[dragonz]

I take it by "storm" you dont mean the start of another hard-thrusting upleg?

Yep, we really need a hard-thrusting upleg to liven things up. Or a couple of jugs would go down well - plastic or otherwise :D

[Dr_Who]

Hey HOOP, that was brilliant. Coffee did fly out of my nose on that one... LOL.

I recalled some kid with the name Ronald McDonald.

Another boring freaking day on the NZX, hey whats new?

[Balance]

I don't get why you guys are complaining about slow days on the NZ market.

If you want to party, you do not go to Timaru, do you? You go to Dunedin on a Friday night.

Likewise, if you want a market that dances around, you go to Oz, HK or US.

NZ market is an amazing market for those with patience - you get plenty of time to pick up good stocks at good prices and wait for takeovers or when a big fund manager decides to have a go. Or when the market wakes up to the good stories.

Meanwhile, enjoy the casinos in ASX.

[biker]

My anecdote re slow dull boring days on the NZX. One day in March I was reading the HBY thread and there was a comment that a 32c bid was a bit cheeky. For something to do, (a boring day remember) I put a bid in at 40c and someone decided to sell. Now at 96c I realise that those boring days on the NZX can sometimes be profitable. I did however buy less than 4000 shares :-(

[Balance]

My anecdote re slow dull boring days on the NZX. One day in March I was reading the HBY thread and there was a comment that a 32c bid was a bit cheeky. For something to do, (a boring day remember) I put a bid in at 40c and someone decided to sell. Now at 96c I realise that those boring days on the NZX can sometimes be profitable. I did however buy less than 4000 shares :-(

$2000 for a boring day .... and to spend living it up in Rio?

Thank goodness for boring days.

Investing is about the transfer of wealth from the impatient to the patient.

[Dr_Who]

Investing is about the transfer of wealth from the impatient to the patient.

Yeah, those that were very patient in 2007 got slaughtered in the financial market crash.

[Balance]

Yeah, those that were very patient in 2007 got slaughtered in the financial market crash.

And those who were very patient in March 2009 have more than doubled their money.

Anyone who was impatient in 1997 lost a fortune.

Anyone who was impatient in 2008 lost a fortune.

So is it time now to be patient or impatient?

[COLIN]

My anecdote re slow dull boring days on the NZX. One day in March I was reading the HBY thread and there was a comment that a 32c bid was a bit cheeky. For something to do, (a boring day remember) I put a bid in at 40c and someone decided to sell. Now at 96c I realise that those boring days on the NZX can sometimes be profitable. I did however buy less than 4000 shares :-(
My own anecdote re slow boring days on the NZX and with particular reference to Hellaby:
One day in April I was reflecting on the revived buying interest in HBY and started pondering. The subordinated bonds (HBY010) were being offered at a 35% yield and I thought; hey, if investors are prepared to bid up the equities price then surely sooner or later the offer yield on the subordinated bonds - which rank ahead of the ordinary capital -must start falling. So I bought a few of the bonds and, hey presto, within a few weeks the market yield had fallen to 19%, giving me a gain of over 30% on my outlay within a very short space of time. Thats not as good as your gain on the shares, Biker, but I do like to allocate a portion of my investing funds into fixed interest and I saw this as an opportunity to enhance the overall yield from that segment of my portfolio.

However, I do agree with the comments elsewhere that the ASX generally offers far more opportunity for excitement (of a positive nature) and I am gradually switching more and more funds in that direction.

[Dr_Who]

Market collapsing... great chance to pick up some cheap stocks.

The problem is that the stocks in NZ stays cheap and goes lower with the falling market... lol

[Lawso]

Heard a nice expression on CNBC this morning, as Wall St stocks had their biggest fall in over a month: "Building a bottom".
So don't worry if our market falls today and keeps on falling. It's only building a bottom.

[STRAT]

Heard a nice expression on CNBC this morning, as Wall St stocks had their biggest fall in over a month: "Building a bottom".
So don't worry if our market falls today and keeps on falling. It's only building a bottom.Building a bottom eh lawso? There are already to many big bottoms in this country IMO :D

[biker]

There surely has to be some sort of pull back before the next leg up. Maybe this is the start of it, so looking further out it could be seen as quite positive.
(just a bit of spin for a boring tuesday morning?)

[biker]

However, I do agree with the comments elsewhere that the ASX generally offers far more opportunity for excitement (of a positive nature) and I am gradually switching more and more funds in that direction.


One of the main attractions of the ASX to me is the 'straight through' on line buying and selling ability. The antiquated, slow, wait for someone to actually put it on the market, NZX
will hopefully one day wake up to what the market needs and wants. eg, Stock exchange announcements that dont say 'this isn't really the announcement, to get it you must go to the NZX website' ! The ASX I agree is much more attractive for many reasons.

[macduffy]

There surely has to be some sort of pull back before the next leg up. Maybe this is the start of it, so looking further out it could be seen as quite positive.
(just a bit of spin for a boring tuesday morning?)

And the market doesn't move in a straight line forever!

On Friday's close, the Dow had had it's biggest 14 week gain since 1975! There had to be a correction at some stage.

;)

[zs_cecil]

Toooo slow again!!! :(

[Walfootrot]

Well it might be slow on the NZSX but I took the opportunity to visit my Bank and purchase an AUD draft for 15,000 and post it off to Computershare in OZ to pay for the ANZ SPP. I got an Xrate of 0.7853 plus commission of 22.00, total NZD19122.98.

I'm hoping that once allocated they will be on the market at about NZD21.00. So i reckon this slow morning has netted me about NZD3000!!

[buns]

SPP's have defiantly been a savour of late, I missed out on that one not being a ANZ shareholder (and was shafted on SKC, FRE) so am hoping for some more to come out..

I see Darren has the same thinking - http://*************nz.blogspot.com/2009/06/burger-fuel-doesnt-rule-out-capital.html

Pretty much hounding BGR on whether capital raising is around the corner..

With the rewards from SPP’s so great, is it worth fishing around for such shares which could raise capital like this in the future - such as BGR? Obviously the answer is a yes in obvious situations like F&P had during April, would you look further than that?

[BRICKS]

Well it might be slow on the NZSX but I took the opportunity to visit my Bank and purchase an AUD draft for 15,000 and post it off to Computershare in OZ to pay for the ANZ SPP. I got an Xrate of 0.7853 plus commission of 22.00, total NZD19122.98.

I'm hoping that once allocated they will be on the market at about NZD21.00. So i reckon this slow morning has netted me about NZD3000!!

ONLY belive it when you have cash in the hand untill then your missing $19122.98 in
CASH..

[zs_cecil]

Well it might be slow on the NZSX but I took the opportunity to visit my Bank and purchase an AUD draft for 15,000 and post it off to Computershare in OZ to pay for the ANZ SPP. I got an Xrate of 0.7853 plus commission of 22.00, total NZD19122.98.

I'm hoping that once allocated they will be on the market at about NZD21.00. So i reckon this slow morning has netted me about NZD3000!!

When did you get your SPP document? I have been very eager to see mine coming ~~~~

[777]

When did you get your SPP document? I have been very eager to see mine coming ~~~~


Read this.

http://www.sharetrader.co.nz/showthread.php?t=6980

[Yossarian]

Well it might be slow on the NZSX but I took the opportunity to visit my Bank and purchase an AUD draft for 15,000 and post it off to Computershare in OZ to pay for the ANZ SPP. I got an Xrate of 0.7853 plus commission of 22.00, total NZD19122.98.

I'm hoping that once allocated they will be on the market at about NZD21.00. So i reckon this slow morning has netted me about NZD3000!!

Are you going to hold, or sell for the quick $$$?

[Walfootrot]

Yosarian- i'm going to hold. I've been salting ANZ shares away from $16.50 to $21.00.

The dividend is useful and i'm picking that when the economic upturn comes in Australasia and globally, and come it will, then the banks will be well placed to lend to decent business instead of phantasms.

I also believe the ANZ's strategic plan will see greater investment in Asia.

I'm picking $30.00 by June 2011.

Any advances on this!!

Wal.

[Walfootrot]

BRICKS- How true - but isn't this part of the fun in running your own finances instead of a fund manager?

[Dr_Who]

BRICKS- How true - but isn't this part of the fun in running your own finances instead of a fund manager?

The best part of running your own investments instead of the fund managers is that you can out perform the funds even with your eyes closed. Even a monkey throwing dart can outperform a fund manager.

[Lawso]

posted by Walfootrot:
I've been salting ANZ shares away from $16.50 to $21.00.

The dividend is useful and i'm picking that when the economic upturn comes in Australasia and globally, and come it will, then the banks will be well placed to lend to decent business instead of phantasms.

I also believe the ANZ's strategic plan will see greater investment in Asia.

I'm picking $30.00 by June 2011.
Personally, I prefer Westpac, Wal.
But I see the economists are still banging on about banks' high profits and lending rates. If they had any brains they'd shut up and buy bank shares.

[whatsup]

Slooooooooooooooooooow again today!!

[Balance]

Slow? Go over to Australia.

Rio rights traded as high as $32.50 yesterday and today is trading $24.85 - $7.65 movement.

The geniuses in this forum should have been able to short at $32.00 and bought back at $25.00 today.

Why waste time watching the paint dry in NZX?

[zs_cecil]

For my curiosity, what was the highest day trading volume NZX has ever had?

Any clue?:cool:

[whatsup]

Slow start again, cant wait for the AXS to open!!

[BRICKS]

Slow start again, cant wait for the AXS to open!!

AS yesterday was the shortest day so it can now only get longer days and we will be able to see the stocks Clearer..

[dragonz]

For my curiosity, what was the highest day trading volume NZX has ever had?

Any clue?:cool:

19th feb 2008 I think. $400 million odd with about $300 million odd from a takeover of AMP Office Trust.

[COLIN]

Slow start again, cant wait for the AXS to open!!
Not too slow on IFTWB today - up 81%!
(Forgive my gloating, but I hold 200k - including 50k bought at 5c last month. I need this sort of good news, given the shocks I have had to absorb over the past 18 months.)

[whatsup]

Interesting day today ,all eyes on the NYSE tonight , what is it to be, a bounce or a sliding or maybe a sliding bounce!

[Toddy]

Interesting day today ,all eyes on the NYSE tonight , what is it to be, a bounce or a sliding or maybe a sliding bounce!

More like there is no new information out there that we did not know yesterday, so why panic. The recovery is going to take some time.

Interesting..... more like boring.

Interesting is the kiwi dollar heading out of control again. Hopefully Key has some ideas, like, ****e, we are going to have to cut the rates again.

[Balance]

More like there is no new information out there that we did not know yesterday, so why panic. The recovery is going to take some time.

Interesting..... more like boring.

Interesting is the kiwi dollar heading out of control again. Hopefully Key has some ideas, like, ****e, we are going to have to cut the rates again.

Key is clueless. He reminds me of a possum caught in the headlights. So far nothing of any substance has come out of his administration save sex scandals and the re-establishment of knighthoods and QCs. Shows you that the Nats still think that they are born and bred to rule and where his priorities lie.

God save NZ - bring back Helen Clark!

[777]

Key is clueless. He reminds me of a possum caught in the headlights. So far nothing of any substance has come out of his administration save sex scandals and the re-establishment of knighthoods and QCs. Shows you that the Nats still think that they are born and bred to rule and where his priorities lie.

God save NZ - bring back Helen Clark!

Still feel a lot happier with the Nats there than the previous administration. While we need a change from time to time they were well past their use by date. Seems that it is a "steady as she goes" approach which is less damaging than wholesale changes.

IMHO of course.

[Balance]

Still feel a lot happier with the Nats there than the previous administration. While we need a change from time to time they were well past their use by date. Seems that it is a "steady as she goes" approach which is less damaging than wholesale changes.

IMHO of course.

Yes, the same Nats who cluelessly managed NZ over the 1970s and 1980s with Muldoon at the helm. Same Nats who cluelessly managed NZ over the 1990s with Bolger and Shipley at the helm.

"Steady as she goes" means giving the Nats time to entrench their mates into positions of privilege. You work and pay your taxes, their mates enjoy the tax free benefits.

[fungus pudding]

Yes, the same Nats who cluelessly managed NZ over the 1970s and 1980s with Muldoon at the helm. Same Nats who cluelessly managed NZ over the 1990s with Bolger and Shipley at the helm.

"Steady as she goes" means giving the Nats time to entrench their mates into positions of privilege. You work and pay your taxes, their mates enjoy the tax free benefits.

Yeah - but you can forget about the other mob as well. Apart from their flash of brilliance from 1984 until Lange lost his marbles and decided to flag it all for 'a cup of tea', they've been worse than useless.

[Dr_Who]

Today has to be one of the most boring days on the market this year. There are more turnover at Greenlane McDonald than on the NZX.

Forget NZ, this country is stuffed. Put your money overseas and yield a better return. Our RB is both clueless and powerless to do anything. We are at the mercy of the international instos playing with our currency and our retail rates. They are laughing at our govt with alot of hot air and little substance.

Our biggest earners are tourism and dairy, both stuffed with the high dollar. The only glimmer of hope is immigration, which us NZers complain about yet we need them.

[Dr_Who]

NZ economy shrinks 1%.

Time for the RB to cut rates again. Not that it will do any good. RB and govt with their hands tied behind their backs and given the old thrashing by the international insto B&D mistresses.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10580850

[macduffy]

The Dow's up 2%, ASX up 1% within 15 minutes of opening, NZX barely moves. Demonstrating its independence, or just moribund?

:rolleyes:

[BRICKS]

The Dow's up 2%, ASX up 1% within 15 minutes of opening, NZX barely moves. Demonstrating its independence, or just moribund?

:rolleyes:

KIWI`s have wasted MILLIONS on buying REAL ESTATE at stupid prices chasing to little with to much money and now they have DEBT and loss-ed MILLIONS..

[Hoop]

The Dow's up 2%, ASX up 1% within 15 minutes of opening, NZX barely moves. Demonstrating its independence, or just moribund?

:rolleyes:

NZX50 is in a better position than the DOW


NZX50 got ahead of 2780 for a while which is technically equilivalent to the magic 9000 mark on the DOW...This is the Technical Bull market start level.

The Golden Cross that has all the media attention in the USA and the DOW watchers are waiting for is tantalisingly close.

Did you hear the trumpets blare out on big Wednesday (24th June 2009) when the NZX50 celebrated the Golden cross....nah ..... neither did I

[Balance]

KIWI`s have wasted MILLIONS on buying REAL ESTATE at stupid prices chasing to little with to much money and now they have DEBT and loss-ed MILLIONS..

Errr... what do you think the multi-billions lost by General Property Trust, Goodman Property Group, Valad, , FKP, Macquarie Property, Centro, Babcock & Brown etc were invested in?

Australians buying real estate at good prices?

The Europeans and Americans cannot believe their luck - Aussies with big check books but small brains!

[whatsup]

ANOTHER SLOOOOOOOW day today, getting vvvvvvvvvvvery hard to make a $ !!!!!

[BRICKS]

Errr... what do you think the multi-billions lost by General Property Trust, Goodman Property Group, Valad, , FKP, Macquarie Property, Centro, Babcock & Brown etc were invested in?

Australians buying real estate at good prices?

The Europeans and Americans cannot believe their luck - Aussies with big check books but small brains!

THATS why the planes are full with KIWI`s who want the chance to own a House in Australia and Good bye NZ the same as Balance tried and probably failed..

[Balance]

THATS why the planes are full with KIWI`s who want the chance to own a House in Australia and Good bye NZ the same as Balance tried and probably failed..

Would not even allow my dog to live there, matey. He might get into the same bad habit of buying over-inflated real estate in the US and Europe!

[BRICKS]

Would not even allow my dog to live there, matey. He might get into the same bad habit of buying over-inflated real estate in the US and Europe!

YER, now you have that of your chest tell us all about the 52+ finance companies that
hit the wall they helped KIWI`s BUY Real Estate that's where every one went broke.

[Balance]

YER, now you have that of your chest tell us all about the 52+ finance companies that
hit the wall they helped KIWI`s BUY Real Estate that's where every one went broke.

Finance companies? The $3 billion loss is nothing compared to Allco (-A$4.7b), Babcock (-A$21b), MFS (-A$3.05b), Centro (-A$9.5b) and then, there's ABC, GPT, GMG etc.

Yes, them Aussies love their real estate and investment companies.

[BRICKS]

Finance companies? The $3 billion loss is nothing compared to Allco (-A$4.7b), Babcock (-A$21b), MFS (-A$3.05b), Centro (-A$9.5b) and then, there's ABC, GPT, GMG etc.

Yes, them Aussies love their real estate and investment companies.

PITY NZ,, the seventh state of AU just has NO money to match but you make the same mistakes but as you know NEVER buy funds and GPG..

[Balance]

Very fast action, folks, in the ASX. Just make sure you are on the right side and enjoy roast meat whilst investors get toasted.

http://business.smh.com.au/business/quick-justice-20090703-d7qr.html?page=-1

A few excerpts :

"The corporate plod, the Australian Securities and Investments Commission, estimates about $73 billion has been wiped out in insolvencies or corporate collapses since the global financial crisis began about August 2007."

"Storm Financial collapsed in January and cost investors an estimated $3 billion."

"Phil Green told anyone who would listen that his Babcock & Brown was on target for a $750 million profit even as it collapsed. As the Herald business columnist Ian Verrender revealed this week, the loss is likely to be $5.4 billion. While Green is reported to be watching Wimbledon, no one has been called by politicians or law enforcers to account for this $6 billion discrepancy."

[winner69]

See NZX on fire today .... rushed off their feet the brokers .... 150 trades in first half hour with an average trade of about $30,000

[scamper]

9.6m turnover value at 11.22 am -- outstandingly slow even for a monday!
i've also noticed some big gaps between bid and offer: mft 417 -- 440, and cav 181 -- 195.
is there a 'theory' or rule-of-thumb that relates gaps to a trend?

[macduffy]

Don't forget that a lot of fund managers and brokers take the school holidays off work.
Not to mention the lack of direction o/a Independence Day holiday in the USA.

:cool:

[winner69]

Don't forget that a lot of fund managers and brokers take the school holidays off work.
Not to mention the lack of direction o/a Independence Day holiday in the USA.

:cool:

OK so they on holiday this week but I wonder what they do when they do come to work ... espcecially the fundies

Not much if this article anything to go by - .... no wonder the world is stuffed .... all that wasted effort by highly paid professional experts on a junket

http://business.smh.com.au/business/higher-fees-mean-lower-returns-20090705-d96f.html

In a damning finding on the benefits of "active" fund managers, research from the Australian Prudential Regulation Authority shows superannuation investors would be better off on average with their money invested in "passive" low-fee index funds.

[BRICKS]

OK so they on holiday this week but I wonder what they do when they do come to work ... espcecially the fundies

Not much if this article anything to go by - .... no wonder the world is stuffed .... all that wasted effort by highly paid professional experts on a junket

http://business.smh.com.au/business/higher-fees-mean-lower-returns-20090705-d96f.html

In a damning finding on the benefits of "active" fund managers, research from the Australian Prudential Regulation Authority shows superannuation investors would be better off on average with their money invested in "passive" low-fee index funds.

AS said before never,,never,, never ,, BUY a fund of any discription only BUY a SHARE in a company where you can have some sort of a say this is an old STORY..

[BRICKS]

AS said before never,,never,, never ,, BUY a fund of any description only BUY a SHARE in a company where you can have some sort of a say this is an old STORY..

THIS has always amazed BRICKS for years the number of fund managers to the numbers of Brokers well over 10 to one is there that many people that cannot make up there minds
or just plain lazy but the fund managers seem to do so well at the cost to the members
all I can say is the customers are on the wrong wave LENGTH..

[Dr_Who]

More hot air from the RB and govt on interest rate.

I think the RB can afford to lower OCR at the next announcement. Not that the market or the banks give a **** anymore.

[Dr_Who]

Can someone pls turn off the light when they leave?

All this excitement on the market is making me stay awake. :D

Ive been selling down my NZ portfolio. The govt and Rb is pissing me off. I will keep a handful of bluechip stocks due to loyalty.

[buns]

One of the better opens in a long time.. Lets hope it holds

[winner69]

One of the better opens in a long time.. Lets hope it holds

Less than 1% ..... means ASX will go up 3% or more and as Dr Who says on another thread commodity stocks will go gangbusters ... and the industrials won't do too bad either

[Jake]

Im more needing than wanting to offload some of my Fletcher shares shortly.

Any thoughts on whether im really going to regret it 12 months down the track?

[COLIN]

Im more needing than wanting to offload some of my Fletcher shares shortly.

Any thoughts on whether im really going to regret it 12 months down the track?

Yes, you will. FBU will be one of the main stocks to benefit as we inevitably climb (slowly) out of the recession. House construction will undoubtedly have to pick up from its present low level and Fletchers are in a strong position to benefit from increased infrastructure spend.

[Balance]

Less than 1% ..... means ASX will go up 3% or more and as Dr Who says on another thread commodity stocks will go gangbusters ... and the industrials won't do too bad either

12% on NPX in a few days and you have all the time in the world to accumulate due to slow NZX days.

Big yawn on ASX 5% move.

[Balance]

Hoping for another week of very sloooowwwwww days on NZX so that I can positioned myself in a few stocks. Plenty of selling around in them but the big buyers are simply accumulating, accumulating.

NPX, RBD and PPL are but three examples of the accumulators at work. There are a few more.

[Balance]

Pity about the slooooowwwwww days.

All the time in the world to pick up cheap quality stocks and sell today.

27% gain on NPX in 1 week or so.

[whatsup]

Yeh Belg---, but how much of that was wash trading ?

[777]

Could be a bit of a sell off due on overseas markets one night this week. Can't have too many up days in a row.

[Balance]

Where are the sloooowwwww days?

But no thread on fast days?

[whatsup]

Slow day again back into the drought!!

[Novitiate]

There's always the land of Oz - they're perkier today.

[minimoke]

The ST message board has gone quiet this morning...

... must not be quite so boring on the NZX

I cashed up 50% on opening. :o
Looks like there is a fair bit of profit taking at the moment!

[winner69]

Looks like there is a fair bit of profit taking at the moment!


One thing I have never worked out .... who buys when everyone is 'profit taking'

'Profit takers' implies winners .... so are those who buy off profit takers when they are taking their profits losers?

Another thing - what do those who have done the 'profit taking' do with their profits?

[peat]

One thing I have never worked out .... who buys when everyone is 'profit taking'

this is why Phaedrus emphasizes the importance of trading in highly liquid securities so that even on down days there are plenty of buyers.

[minimoke]

One thing I have never worked out .... who buys when everyone is 'profit taking'

'Profit takers' implies winners .... so are those who buy off profit takers when they are taking their profits losers?

Another thing - what do those who have done the 'profit taking' do with their profits?
Like any game there are winners and loosers. But here the winners are the existing holders who sell at a profit and the winners are also the new holders who bought at a price less than yesterday on a wee reversal. The Takers may just stash the cash during the reversal and come back in at a lower price ready for the next wave.

[Dr_Who]

I will stay on the sideline and watch the market for a few more days. Any further weakness will mean an opportunity for me to buy more shares.

[Hoop]

One thing I have never worked out .... who buys when everyone is 'profit taking'.............


Fundies!!!!! ...us Techies will follow :D:D:D:D

[Dr_Who]

Another thing - what do those who have done the 'profit taking' do with their profits?

Short sellers covering?
Insiders buying?
Long term investors?

[fungus pudding]

Another thing - what do those who have done the 'profit taking' do with their profits?

They buy back the shares they sold a few months ago, because they like paying brokerage.:D

[Hoop]

Hmmm.....the rout might be over...Tokyo just opened and is moving up into the positives

[troyvdh]

Are we not forgetting what is supposed to be a positive...mkt movements up on bigger volumn..and falls on smaller volumn...like what happening now.

[COLIN]

I cashed up 50% on opening. :o

YK: I hope your re-entry prices don't turn out to be higher than your sale prices!

As one seasoned commentator has said, this blip of a downturn "looks like the correction the markets felt obliged to have." I'm with the pundits who are convinced that it does not foreshadow a W-shaped recovery. Japan, Germany & France have all pulled out of recession, and the China and India growth stories are still mighty sound. The Shanghai market is a volatile one - the latest "mini-slump" has to be viewed against the backdrop of the preceding rapid rise. Yes, American consumer sentiment has faltered, but there is a view that this is driven to a large extent by the fact that some 30% of US houseowners are showing negative equity in their homes - but do we really believe that this is what will drive the entire global economy over the next few years?

[Dr_Who]

The continue climb of the NZD is starting to concern me abit for the health of the NZ economy.

Your views?

[fungus pudding]

The continue climb of the NZD is starting to concern me abit for the health of the NZ economy.

Your views?

The higher the better for the consumer, and especially for those wanting to travel. Exporters have to live with it, which they will. And a very low dollar makes it too easy for non-residents to gobble up real estate leaving the NZer having to compete with a 'wealthier' buyer. There's two complex sides to the coin, but in the ultimate analysis you can't have a wealthy country with a weak currency. I'd like to see our dollar higher.

[Hoop]

The continue climb of the NZD is starting to concern me abit for the health of the NZ economy.

Your views?

Doc
As a kid ..and bought up on a dairy farm...I often heard the cow cocky's complaining that the they always got the good marketprices when the NZ$ was at their highest diluting there income ..they continuous bitched to the Govt that it was the Govts fault and all they had to do was regulate the dollar lower and good ol' NZ would be rolling in clover and NZ will be at the top of the cost of living stakes as it was in the golden days of the 1960's ......ahhh.. not that simple....regulation didn't work....regulation upsets the network of economic cycles and sub-cycles.... a lesson NZ dearly learn't the hard way.

Us STers are rediscovering again that economic cycles rule our lives....commodity prices are highest just after an ending of an Equity Bull market and then falls and rises again as a precursor to the Equity market / economic recovery.

When after the world recovers and rides a boom it is because raw materials (commodities) level out in price (bearish) and are cheaper to buy in and manufacturers therefore make good profits...hence the manufacturer / spending boom...and ...

As NZ (and Oz) are commodity exporters ..our $$ is highest when we get the best prices for our produce which happens when the world is in recession and it's a pity because demand lessens as consumer resistance kicks in retaliation to those raised prices during consumer tough times...making NZ good commodity prices short lived.

The flip-side of the coin is the USA is a manufacturing /finance based country and that market area is at a bottom/ early recovery so their currency reflects that.

There is no short or medium term solution Doc. Our (NZ) fate was sealed with colonisation ...the migrants came in to mine the lands cut down the trees and to farm using our favourable climate.. we were too far away from the major markets to be a manufacturing country.

These high currency concern stages has been a problem since colonisation..nothing new.. just part of the forever ongoing cycle....swings and roundabouts. Its built into our economic genes..so we just have to live with it the best we know how

Rob Roy (http://www.ayrshire.org.nz/ayrshire2_History.cfm) can also take some of the blame in the late 1840's for our present high dollar :D.



EDIT:..............Fungus Pudding quote..."....but in the ultimate analysis you can't have a wealthy country with a weak currency. I'd like to see our dollar higher...."

Yes I do too ..but reflect organic growth rather than speculative/ (incentive.high interest rates)) growth.....at the moment I think it is more organic than spectulative which is good. NZ and Oz has escaped this recession with much less fiscal damage than other Countries.

Our new high $$ / low interest rate (something we haven't seen since we were a wealthy country over 40+ years ago) reflects that we are now seen as no longer a semi-banana republic.

[whatsup]

Ugly day today all off the US !!!!

[whatsup]

Back we all go into the DOOM and GLOOM again , as if we needed this Euro cr@p !!!!!!------ how long will this last, talk about wealth destruction !!

[macduffy]

Back we all go into the DOOM and GLOOM again , as if we needed this Euro cr@p !!!!!!------ how long will this last, talk about wealth destruction !!

So think of it as an opportunity to pick up some bargains. Once the mood changes and the trend turns back up, that is!

[minimoke]

Back we all go into the DOOM and GLOOM again , as if we needed this Euro cr@p !!!!!!------ how long will this last, talk about wealth destruction !!
Just wait til the 20th. Then we'll have our govt destroying our wealth by propping up Kiwirail by $250m, (which won't make rail more efficient), $143 into Whanau Ora (which won't help the underclasses), $1b into leaky homes (if people think holding rental stock is unproductive then this has to be worse), an increase in GST, no change to ETS and changes to rental property depreciation. On the flip side at least something is going into R&D

[Dr_Who]

Back we all go into the DOOM and GLOOM again , as if we needed this Euro cr@p !!!!!!------ how long will this last, talk about wealth destruction !!

The biggest fear in Euro now is deflation. Everything goes in cycles. The market is in heart attack territory now. I am cautious this time round, cos China is tightening. Things will slow down with China putting on the brakes. How low will the market go? Who knows.

[elZorro]

Is there anything exciting happening out there?

A horse walked into a bar.
The Barman said "Why the long face?"

Sorry, it's my son's joke...

[fungus pudding]

Is there anything exciting happening out there?

A horse walked into a bar.
The Barman said "Why the long face?"

Sorry, it's my son's joke...

Well they shouldn't have banned smacking then.

[Dr_Who]

I ve just started the fireplace and made a cup of tea. :D

[whatsup]

I ve just started the fireplace and made a cup of tea. :D

Dr , Snow in the S I ?

[Anna Naum]

Should be quiet today with Australia closed.

[whatsup]

Should be quiet today with Australia closed.

Anne, But not in W A , but a later opening .

[asc4]

http://www.asx.com.au/about/operational/trading_calendar/asx/2010.htm

[whatsup]

Very slow day ... Bottom of correction approaching as fundementals reassert themselves. (Unless you're TEL of course and its just more pain thanks to legislative mandarins).

Any got a NZX50 chart with TEL removed? Would be interesting to see it over the last 3 years and the last 3-6 months.

Back into the bad old days circa 2008 things not looking that flash in the US and will not IMHO until there is a marked turn around in the employment figures, the economists can tinker but its the employment numbers that count--- how long will this take hmmm 18 months is my guess, not too good for those who were hoping for a up kick next year with the World Cup and an election but that said there should be no more interest rate rises this year- as the price increases that we are experiencing are Govt made and we have no choice but to accept them. Next year we now should have more of the same, low confidence, interest, growth rates and more of the same old same old !!!

[whatsup]

The market is really mucked now, U S ,U K, Europe,China, and now Aussie and Kiwi, back to the bad old days !!

[Logen Ninefingers]

Yup, the market is totally & utterly mucked.

[winner69]

All the big boys should be back from their holidays and now at 1:10 pm with the Oz mkt open for over an hour and the NZX? ... Just $18 million traded !!!

Whats an average day? $90 mill?

NZX on a go slow due to Martin Luther King Day day in US?


$18.1m now Belg

And 4 mill of that is TEL .... and over 1 mill on TWR !!!!!!


650 trades in 3 1/2 hours = about 3 every minute

Thats some run rate ... how many participants you may ask?

And they aren't really big boys are they ..... just little boys playing around with petty cash in world terms .... and what they do have most goes overseas

[whatsup]

All the big boys should be back from their holidays and now at 1:10 pm with the Oz mkt open for over an hour and the NZX? ... Just $18 million traded !!!

Whats an average day? $90 mill?

NZX on a go slow due to Martin Luther King Day day in US?

I didnt think that there were a short term traders left in N Z, theyve all gone via H C to Aussie !!!