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Any Share suggestions?

Discussion in 'Shares' started by Sk3tChY, 15th Aug, 2007.

  1. Sk3tChY

    Sk3tChY Well-Known Member

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    G'day fellas,

    I've just gotten my tax back, and get paid tommorow, so it's time for me to invest some more money.

    I'm thinking of investing in one of the following;

    MBL - Currently around the $67 mark
    NAB - Currently around the $38 mark
    SGB - Currently around the $33 mark
    CBA - Currently around the $53 mark

    I'm mainly thinking between MBL and SGB. I've held some SGB since mid June, and they've dropped a fair bit, and are basically almost at the lowest point they've been since I got em.

    MBL looks to have dropped alot, I remember not long ago they were pushing the $100 mark.

    So any suggestions?
     
  2. Sk3tChY

    Sk3tChY Well-Known Member

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    I bought in on SGB at 33.290, so pissed off I was sitting here waiting for ages for the price to drop to about 33.250, had my bid in for ages. Then It started climbing, so I put in a bid for 33.290, then the second I did I got in, but then the price dropped to 33.270, then 33.250 in a matter of seconds.

    Stupid market..! :p

    I'd still be interested in peoples suggestions, im selling my car and gonna be buying some more shares hopefully within the next 2 weeks. :)
     
  3. Glebe

    Glebe Well-Known Member

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    I'd go with CBA, BHP and WOW.

    Why are you focusing only on banks?
     
  4. Tropo

    Tropo Well-Known Member

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    Right now I would play "19 holes" in the pub if I were you.:p
    What makes you think that current situation is over?:eek:
    What is cheap today may be cheaper tomorrow&next week.:D
    PS - Your system should tell you what to do.:cool:
     
  5. perky

    perky Well-Known Member

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    I would not be buying MBL until the dust settles.
    CBA - IMO would be a good buy , with record results I believe today ?
     
  6. Sk3tChY

    Sk3tChY Well-Known Member

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    Excellent div yield.

    SGB is about 4.8%
    CBA is about 4.4%

    I bought in on SGB, but i'll hopefully be getting in on CBA soon too.
     
  7. unthreaded

    unthreaded Active Member

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    ZFX is looking good at $15.12 and 9% yield
     
  8. Sk3tChY

    Sk3tChY Well-Known Member

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    Serious?! How's ZFX for a long-term holder?


    By the looks of it the market seems as if its gonna be plummeting for a while yet, so I may not buy in as soon as I first anticipated.
     
  9. DaveJ

    DaveJ Well-Known Member

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    Well all the traders in ZFX without stop-losses are now long-term investors! :eek: :D

    I think ZFX will have a min .70c dividend late Sep early Oct. For a total of around $1.40 for the year... Well i hope so :rolleyes:

    DaveJ


    P.S. I hold ZFX but have them protected at a much higher price:cool:
     
  10. unthreaded

    unthreaded Active Member

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    I was assuming a long term perspective. It was a good hold at $20 so from my perspective a great buy at $15. I think anyone who bought at around $14 will be very happy long in the long run.
     
  11. Tropo

    Tropo Well-Known Member

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    I am just curious...What makes you think that buy at $14 is a "good" buy.
    I would think that buy at say... $12 is even better...:confused:
    What's the difference if you buy at $14, $13 or $15? :eek:
     
  12. voigtstr

    voigtstr Well-Known Member

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    Is there a quick and dirty way to work out from the fundamentals what the share price "should" be?

    Cheers
    Simon
     
  13. Sk3tChY

    Sk3tChY Well-Known Member

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    How is it protected? Do you have one of the PPL loans or wateva they are, I can't rermember off the top of my head.
     
  14. Tropo

    Tropo Well-Known Member

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    DaveJ is using options as a hedge.;)
     
  15. Sk3tChY

    Sk3tChY Well-Known Member

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    Ahh yeah, my mate told me bout them a while ago... I forget em now... :( Something about you making your money by the price goin down or something somehow.. Oh well, i'll learn about em a little more in detail later once i'm ready to give me a try. :p
     
  16. Tropo

    Tropo Well-Known Member

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    "( Something about you making your money by the price goin down or something somehow.."

    yeh...something, somehow,sometimes, somewhere over the rainbow...:rolleyes:
     
  17. Glebe

    Glebe Well-Known Member

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    No there's not, but the most widely used ratio is the price to earnings ratio

    P/E ratio - Wikipedia, the free encyclopedia

    Best used with other ratios etc, on it's own it can be misleading.
     
  18. DaveJ

    DaveJ Well-Known Member

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    Spot on... I have them protected at $19.50 with Sep PUTs. I was planning on using them as a nice dividend strip but with the recent 'jump out the window' i have to think about how best to deal with the situation!.


    When you are dealing with large trades you really want to be wearing pants! :p
    :rolleyes:
     
  19. Sweet

    Sweet Member

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    I remember reading a Financial analyst in the Herald Sun last week saying that MBL at $75 was a good buy! I say MBL all the way big dog
     
  20. Simon

    Simon Well-Known Member

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    Perhaps you should offer to write for the newspaper too?