XJO 0.83% 8,199.5 s&p/asx 200

refugee's - back to mom and pop - thursday, page-56

  1. 19,703 Posts.
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    jgunter

    Long overdue pullback.

    Though our market has overdone it yet again.

    I was looking for 5% down then another final leg up.

    Volume in the non financial stocks are not high imo.

    DJIA is shaping up for another 100pt fall, imo it may bounce off lows but i would rather if they left the bounce until next week (Tuesday).

    I will be looking at AGO during this weakness in the market.

    Sold most of BND holdings at 0.82 on the last spike, have been buying back into them today.

    I am trying to decipher AOH concentrate pricing tonight, (easier said than done i must say) Once I get a feel for it, I might top up on AOH.

    I think overseas hedge funds or exodus overseas money is in play. The world keeps seeing negative headlines relating to our Government and their decisions, they probably see Australia as a risky investment.

    I guess the worse case scernario is the stocks i have will recover when a change of Government occurs.
 
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