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  1. #1681
    Speedy Az winner69's Avatar
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    Quote Originally Posted by blackcap View Post
    Does anyone know when the last time was that the NZX fell 330 points in a day?
    @marklisternz
    Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1682
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    Quote Originally Posted by winner69 View Post
    @marklisternz
    Wow. That was the worst day for the NZ market since October 16, 2008, almost a decade ago. The NZX 50 is down 7.0% from the record highs of last month. Australia is faring better, down 2.6%, while Japan and China are off more than 4% so far today.
    Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!

  3. #1683
    Speedy Az winner69's Avatar
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    Quote Originally Posted by blackcap View Post
    Thanks winner. The question is is Mr Lister talking about the worst day in % terms or in points terms. Did not think it was that long ago that 330 point drop was registered!
    Knowing mark probably %age terms
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1684
    Speedy Az winner69's Avatar
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    @marklisternz
    The last decent sell-off we had in the local market was in the final quarter of 2016, two years ago. That one lasted two months, and saw the NZX 50 fall 12.0%. After bottoming in November 2016, the index rallied 20.4% in the following 12 months.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #1685
    Speedy Az winner69's Avatar
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    Quote Originally Posted by dameofdiv View Post
    Dear all, sorry to be asking so bluntly.
    Is today a good time to buy shares? If I have some money now, which stock would you recommend that I buy please?

    Appreciate any help and reply.
    Plenty of buyers yesterday .....every share is still owned by somebody

    In aggregate just as many ‘got in’ as ‘got out’
    Last edited by winner69; 12-10-2018 at 03:03 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #1686
    Speedy Az winner69's Avatar
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    The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that

    Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas

    Ranked biggest losers to those not so bad (the so called defensive ones?)

    Must be a story to be told here
    Attached Images Attached Images
    Last edited by winner69; 24-10-2018 at 09:47 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #1687
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    Looks like Craigs are being bit naughty with ATM share price trading....

    https://www.nzx.com/announcements/325711

  8. #1688
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    The market is slowly grinding everybody down - thats how secular markets work - PE multiples are what drives overall market direction - secular bulls and secular bears and all that

    Here's a table of some randomly selected cross section of stocks on the NZX showing how far they are of their 52 week highs. I reckon the %ages will look worse by Christmas

    Ranked biggest losers to those not so bad (the so called defensive ones?)

    Must be a story to be told here
    Pretty grim picture - isn't it? Question is - are the ones which dropped already a lot better deals than the ones which still need to catch up?

    Would be interesting to correlate your tab with average PE and CAGR ... but need to pass today - wife asked me to fix the irrigation system (more fun when the sun is shining ;

    Just from a brief look can't i see any correlation - both the light yellow as well as the red section seem to contain both so called growth stocks (high PE, high CAGR) as well as good and reliable earners on reasonable PE's (low PE, low CAGR) ..
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  9. #1689
    Speedy Az winner69's Avatar
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    BP .... spooky that the ones in the red and orange zones of 5hat table are some of the most discussed stocks on Sharetrader

    Hope most cashed out near the 52 week highs ......and wonder how many think that the same stocks are now super cheap
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #1690
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    BP .... spooky that the ones in the red and orange zones of 5hat table are some of the most discussed stocks on Sharetrader

    Hope most cashed out near the 52 week highs ......and wonder how many think that the same stocks are now super cheap
    Good point. So - red stands for hype and we are in a time of hype deflation?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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