shares - Page 30 - Perth-WRX.com

jessica_jane86 · #**291** 05-11-2008, 02:11 PM

everything has gone down over the last year, hence why now is a good chance to buy,

and a few people on here actually do work in the industry. I manage a stock broking office, and its not like people are giving advice on here, its just people asking for opinions

jessica_jane86 · #**292** 05-11-2008, 02:17 PM

Quote:

Originally Posted by fmx_rider

Just ask the holders who bought RIO at $167 and BHP at $50 if they are happy with the volatility of their blue chip stocks (-38%, -46% against 12 month lows)

Russ, no-one knows what is going to happen at the moment. Therefore make up your own mind, or ask a professional (not a car forum!). It is your money. (I don't think too many professionals know either at the moment - so I do what I am comfortable with).

Sure, 'blue chip' stocks have been heading up since mid last week, but they may go lower if the financial crisis fallout is bigger than expected. Some expect lows to be as late as mid next year.

Compared to past highs, its a great time to buy (cheap). But, I'd keep an eye on them, and once they get a bit higher, I'd put stop-losses on them just in case it tanks again. Market falls quickly when it does due to margin calls.

Good time to trade though...

also, blue chips are meant to be held long term, eg 5years +.

im sure in 5 years once this shit market is over and we have another bull market people will have completely forgotten this happened and will be more than happy with the price of their blue chips

BLUES · #**293** 05-11-2008, 03:06 PM

Quote:

Originally Posted by jessica_jane86

also, blue chips are meant to be held long term, eg 5years +.

im sure in 5 years once this shit market is over and we have another bull market people will have completely forgotten this happened and will be more than happy with the price of their blue chips

Spoken like someone who isn't old enough to remember the last "recession we had to have" back when Labor was in government last time - how old were you back them 6-7?

Kato · #**294** 05-11-2008, 03:18 PM

Most young (i.e. sub-30's) won't remember a time when it was difficult to get a job, or when a $100+k per year job was only for the top level guys.

Recently you could chop and change employers without a thought for job security as there was another job just around the corner. And a TA with no quals can earn big bucks pushing a broom around.

Hopefully this crisis/recession will help bring everything back into the balance. Were the shares worth the high priced they reached or was that just silly buyers not researching correctly. The prices are not fixed in stone and may never come back. After all everything is only worth what someone will pay for it.

RUSSGT · #**295** 05-11-2008, 03:34 PM

Quote:

Originally Posted by fmx_rider

Just ask the holders who bought RIO at $167 and BHP at $50 if they are happy with the volatility of their blue chip stocks (-38%, -46% against 12 month lows)

Russ, no-one knows what is going to happen at the moment. Therefore make up your own mind, or ask a professional (not a car forum!). It is your money. (I don't think too many professionals know either at the moment - so I do what I am comfortable with).

Sure, 'blue chip' stocks have been heading up since mid last week, but they may go lower if the financial crisis fallout is bigger than expected. Some expect lows to be as late as mid next year.

Compared to past highs, its a great time to buy (cheap). But, I'd keep an eye on them, and once they get a bit higher, I'd put stop-losses on them just in case it tanks again. Market falls quickly when it does due to margin calls.

Good time to trade though...

True words mate. Im not about to put my life savings on sopmething that someone says straight up. From what i have read from some of the responses on here shows that there are people who really do know what they are talkin about. Hence my question.

Maybe ill just try my hand at trading. Any advice? lol

fmx_rider · #**296** 05-11-2008, 03:40 PM

Quote:

Originally Posted by jessica_jane86

im sure in 5 years once this shit market is over and we have another bull market people will have completely forgotten this happened and will be more than happy with the price of their blue chips

Except for the people who went broke and jumped off a roof after losing their money on 'blue chip stocks' recommended by brokers...

If 'everything' has gone down for the last year, why does it have to go up? Why can't it keep going down?

RE: "and its not like people are giving advice on here, its just people asking for opinions"
-->"blue chips are always a good idea to buy"
-->"you should of loaded up a couple days ago though really"

Sounds like advice giving to me.

I'm just trying to balance the views that Russ has received for his question. I didn't say not buy, I just said to be watchful, and set stop-losses to minimise losses if it tanks.

fmx_rider · #**297** 05-11-2008, 03:43 PM

Q: What is the difference between a stock broker, investment banker, and a large cheese pizza?
A: The cheese pizza can still feed a family of four.

Ok, maybe not yet in Australia, but USA and London...they might need to sell one of their Ferrari's.

BAS · #**298** 05-11-2008, 05:24 PM

Hey for anyone who thinks BHP/RIO are cheap, look at a 10 year graph. Still above the long term average???
https://secure.paritech.com/paritech...200819:22:23PM

However, some of the smaller miners are pretty good buying at the moment IMO, trading below cash backing or with -ve enterprise values.

fmx_rider · #**299** 07-11-2008, 08:44 AM

Another good day to buy RIO & BHP.

BHP 27.020 27.030 27.020 -2.180 -7.470
RIO 71.610 71.690 71.690 -7.350 -9.300

DYOR whether you think the market has turned around (buy) or is still going to drop further (don't buy).

fmx_rider · #**300** 26-11-2008, 02:46 PM

Wow. In 2.5 weeks RIO has alomst lost 50% to the figure above.

Anyone buy recently?

"everything has gone down over the last year, hence why now is a good chance to buy"