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Totally agree with those comments, the market has been dangerous...

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swaggytrader

1,443 Posts.

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16/06/23

21:29

Post #: 68333662
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Originally posted by Chris60: ↑

I think personally that this market is getting very dicey.

I look at ADH (Adairs) and it has fallen from $5 to ~$1.3... LOV AX1 this list goes on. plenty of shares have fallen by 50%+ but we are not seeing this on a market level because the likes of BHP BKW are soaring.

l think if the company actually makes a solid profit it will be fine in the long run ~ but for companies that have never generated a profit they are being smashed.. l look at FDV. l got the heebe jeebies months back an pulled the trigger to exit vowing only to invest in profitable companies. it has since been smashed.

IFL (IOOF) the last time it was this low was the GFC.

I looked up a couple of additional liquid bond funds VBND and IAF. thinking about it the only company l really want to invest in directly is WES. otherwise just managed funds with shorts and ETF holdings. though... l might be getting a bit old now for direct shares.

- all my thoughts and ideas not to be relied on!

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Totally agree with those comments, the market has been dangerous over the last three months, the larger funds are able to push many stocks lower and accumulate. I still think the US meltdown is a matter of time. Ive noticed that building material stocks like CSR and BLD are doing well.

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