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18-11-2020, 09:07 AM
#1161
Originally Posted by BlackPeter
Well, I am not sure I would go that far, however - sharetrader threads are typically a good reflection of the relevant hype level for individual stocks, which is useful information for momentum traders. If that's what you call wisdom, so be it.
Looking at the fundamentals for FBU - no doubt the market is getting hotter. It might be however worthwhile to consider that FBU did a terrible job in making money out of the last building boom ... and if I look at the current situation with high demand but problems on the supply side I would see ways to make money, but as well ways to lose money.
I think the jury is still out which one it will be this time for FBU, but no doubt the next couple of days or weeks the hype avalanche will roll on. Good times for traders.
Each to their own and I disagree with your viewpoint on collective wisdom. I for sure have leant and picked up few nice picks by reading commentary from different posters here.
Far better served me than by being utilising full broker services.
And re FBU, yes the jury is still out but so far it seem to be on right side of ledger, time will tell.
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18-11-2020, 09:18 AM
#1162
As I have said earlier is starts this financial year. The Root Causes in Construction division thats caused massive losses for company have been sorted, again time will tell whether they have done it on new jobs won. Still some legacy projects however my understanding is they have allocated provisions already. Guidance due next week off a very low level that they were anticipating and activity is a lot higher post Covid closure than expected.
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18-11-2020, 09:24 AM
#1163
Originally Posted by sb9
Each to their own and I disagree with your viewpoint on collective wisdom. I for sure have leant and picked up few nice picks by reading commentary from different posters here.
Far better served me than by being utilising full broker services.
Absolutely - there are some amazing posts (and posters) around, and I learned as well a lot from them. I don't think we disagree on that.
Having said that - in times when (and on threads where) the hype goes high, the percentage of useful posts typically goes down ... and that's when the other function of threads as "hypemeter" comes into play :
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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18-11-2020, 09:31 AM
#1164
Originally Posted by BlackPeter
Absolutely - there are some amazing posts (and posters) around, and I learned as well a lot from them. I don't think we disagree on that.
Having said that - in times when (and on threads where) the hype goes high, the percentage of useful posts typically goes down ... and that's when the other function of threads as "hypemeter" comes into play :
Human nature - crowds gather when there's something to see.
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18-11-2020, 09:41 AM
#1165
Originally Posted by Balance
Human nature - crowds gather when there's something to see.
And when they smell money, lol...
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18-11-2020, 10:27 AM
#1166
An observation :
Notice how FBU gets sold down each morning and then, gets bought up when ASX starts trading?
This is the exact opposite and reverse of what happened when the sp was under pressure.
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23-11-2020, 04:26 PM
#1167
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23-11-2020, 04:29 PM
#1168
Originally Posted by Balance
Mitre 5 and Bunnings say they have never been so busy ..both trade and retail booming last few months
Spose PlaceMakers in same boat
All those projects need stuff
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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23-11-2020, 06:51 PM
#1169
Originally Posted by winner69
Mitre 5 and Bunnings say they have never been so busy ..both trade and retail booming last few months
Spose PlaceMakers in same boat
All those projects need stuff
Good to hear, I did have a hunch anyway as it seems new housing development is booming, specially around Nelson..
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23-11-2020, 10:45 PM
#1170
Originally Posted by winner69
Mitre 5 and Bunnings say they have never been so busy ..both trade and retail booming last few months
Spose PlaceMakers in same boat
All those projects need stuff
Most building & construction materials & products are oligopolistically supplied by Fletcher Building & one other player :
Concrete & cement - Holderbank
Plaster & fibreboard - James Hardie
Timber - Carter Holt
Steel - Steel & Tube
Then, there’s roofing, insulation, laminex, mdf flooring etc etc etc
Last edited by Balance; 23-11-2020 at 10:49 PM.
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