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26-02-2020, 10:48 PM
#3861
Risk Manager for FTX
 Originally Posted by peat
Not actually interested in shorting anything, but just for general interest what is the effective interest you pay CMC or through your broker?
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27-02-2020, 12:59 AM
#3862
Originally Posted by Gerald
Not actually interested in shorting anything, but just for general interest what is the effective interest you pay CMC or through your broker?
1.8% p.a. for a short
so its sfa.
3.6% p.a. for a long.
Last edited by peat; 27-02-2020 at 01:00 AM.
For clarity, nothing I say is advice....
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27-02-2020, 07:07 AM
#3863
Originally Posted by peat
thx for the info , so the decline not due to short selling , must be aussie store issue my guess
one step ahead of the herd
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27-02-2020, 08:33 AM
#3864
Originally Posted by bull....
thx for the info , so the decline not due to short selling , must be aussie store issue my guess
Well you keep guessing and I'll keep buying.
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27-02-2020, 08:47 AM
#3865
Originally Posted by peat
Summerset on list ...that’ll get beagle interested big time
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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27-02-2020, 09:56 PM
#3866
From www.interest.co.nz today. Good news for HLG:
LOCAL ONLINE WINNING
January was a soft month for New Zealand’s online retail spending, with total spending down -1% on January last year, according to the BNZ/Marketview monitoring. The decline is driven by a large year-on-year drop in spending at offshore sites, which was down -12% on last January. Local online sales were up +7% on that basis. Online retail now accounts for 8% of all retail sales.
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28-02-2020, 08:37 AM
#3867
Member
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28-02-2020, 08:50 AM
#3868
Originally Posted by thedrunkfish
  Nearly spat the old morning coffee out.
I believe this is one of those opportunities that do not come around so often to purchase good stocks at cheap prices.
Good luck to all.
Absolutely. I recon the discussion is just about whether next week (or the week / month / couple of months after that) might offer still better bargains than today ...
It won't be a closing down sale of the stock exchanges ... but for a time supply of stocks will be larger than demand for stocks. That's all.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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28-02-2020, 08:59 AM
#3869
Originally Posted by BlackPeter
Absolutely. I recon the discussion is just about whether next week (or the week / month / couple of months after that) might offer still better bargains than today ...
It won't be a closing down sale of the stock exchanges ... but for a time supply of stocks will be larger than demand for stocks. That's all.
The central thesis of my current investment approach is that the market as a whole is highly likely to be materially lower than current level's in 2-3 months time.
How serious is the virus risk ? US 10 year Govt stock rate has collapsed to record ever lows. S&P 500, Nasdaq and DOW all moved from record ever level's to correction territory, (down 10% or more) at the greatest speed ever recorded, less than 10 trading sessions.
Very highly experienced doctor's on TV3 breakfast programme this morning admitting they have got it badly wrong saying the virus was not a material risk and now saying it could infect up to 1,000,000 people in N.Z.
Will people bother shopping for clothes in this sort of environment ? I don't think so. Its not just supply chain risks with HLG, its demand risk too. Take care folks.
Disc: No position.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-02-2020, 09:03 AM
#3870
Originally Posted by Beagle
The central thesis of my current investment approach is that the market as a whole is highly likely to be materially lower than current level's in 2-3 months time.
How serious is the virus risk ? US 10 year Govt stock rate has collapsed to record ever lows. S&P 500, Nasdaq and DOW all moved from record ever level's to correction territory, (down 10% or more) at the greatest speed ever recorded, less than 10 trading sessions.
Very highly experienced doctor's on TV3 breakfast programme this morning admitting they have got it badly wrong saying the virus was not a material risk and now saying it could infect up to 1,000,000 people in N.Z.
Will people bother shopping for clothes in this sort of environment ? I don't think so. Its not just supply chain risks with HLG, its demand risk too. Take care folks.
Disc: No position.
I suspect you are probably right.
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