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Member
Bboz
Any one with experience of BBOZ or BBUS? I am with ASB Securities and they say on their site they can't buy and to contact their office.
Not necessarily interested in buying just now, just curious about the potential.
Last edited by zero; 28-05-2020 at 05:50 PM.
Reason: spelling.
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Originally Posted by zero
Any one with experience of BBOZ or BBUS? I am with ASB Securities and they say on their site they can't buy and to contact their office.
Not necessarily interested in buying just now, just curious about the potential.
Have a look at the thread bear.asx
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Junior Member
You can trade Bboz with ASB but because their ticker contains 4 letters their system cant cope, hence you have to place orders by phone.
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Nothing to do with 4 letters.
You could, well I did once, buy the BEAR direct, probably still can, but because BBOZ & BBUS are leveraged they feel the need to check that you know what you are getting yourself into.
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Been discussion on the BEAR thread. I bought BBOZ inFeb whilst doing my big covid stock selldown.Doubled my money (on paper) but its dropped back with this crazy uplift. Took profits some weeks back and its now not far off my entry price back then $8.76. Rinse and repeat is the plan but caution required as it can move up to 2.75 times the s/p
BBOZ on ASX. Not for the faint of heart with its leveraging but a comfort food when the market goes down
Initial Investment $10,000
Fund "short" exposure (as % of initial investment) 275%
Fund "short" exposure in $27,500
If the value of the Australian market falls by 10%
Initial Investment $10,000
Gain on short position (being 10% x $27,500) $2,750
Value of investment = $12,750
Return % 27.5%
If the value of the Australian market rises by 10%
Initial Investment $10,000
Loss on short position (being -10% x $27,500) = -$2,750
Value of investment $7,250
Return % -27.5%
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Member
Thank you for the replies, just what I needed to know.
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Some say a big crash/correction is coming soon ....might be a good time to play with this or BEAR again.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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Are we there yet? Say what, say when ;....when.. BBOZ $6.07ish and BEAR (less leveraged) at new lows but on falling vol.Below all moving averages . Keeping half an eye on dese. Goldies my hedge atm.
Last edited by Joshuatree; 08-12-2020 at 01:59 PM.
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BBOZ to $25 this year or will the lucky country keep on pumping ?
Last edited by ynot; 18-06-2022 at 03:05 PM.
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I've heard talk that the s&p500 will bottem at 3000 to 3300 so only 10% to go?
I think the lucky country is luckier than the rest.
Last edited by clearasmud; 18-06-2022 at 04:02 PM.
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