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Today's Market

Discussion in 'Shares' started by Alan, 13th Jun, 2006.

  1. Alan

    Alan Well-Known Member

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    Well that was certainly an 'interesting' day on the Market. ASX200 down 127 points! :eek:

    What say you Tropo....... Stay Cool? :cool:

    I bit of a 'bounce' within the next week or so would be nice......or better still.......lots of drops and bounces, followed by a nice BIG bounce.....

    :)
     
  2. Tropo

    Tropo Well-Known Member

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    Alan,

    What worries me it's H&S pattern (bearish) which Dow developed...so Dow may hit 10500 according to my projection.
    So far XJO is following Dow (more or less).
    If this continues we may see XJO around 4780 and 4680 (reasonable strong support).
    Most of the time after big drop market bounces back. The question is for how long and how high.
    If you consider weekly chart, you will see that XJO is still in the range (last 3 years resistance/support channel)
    As always ......Stay :cool: and enjoy the choppy market ;)
     
  3. Rickson

    Rickson Well-Known Member

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    Yields

    At least yields will be improving. And PE ratios lower. Trying to look on the bright side.
     
  4. Glebe

    Glebe Well-Known Member

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    So who's buying?

    I reckon I'm a month away from buying lots of BHP if she stays at $25.
     
  5. Alan

    Alan Well-Known Member

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    US Futures are currently down too Tropo.........we may have another 'interesting' day tomorrow. :rolleyes:

    Stay cool it is...... ;)
     
  6. Tropo

    Tropo Well-Known Member

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    Bad news.
    We may need air bags than....;)
    Also, watch Dow around 10720 (seems to me that it's pulling towards 10600).
    Have a good one....
    :cool:
     
  7. Denis

    Denis Well-Known Member

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    Dividend History

    I am trying to complete Tax Returns for my father.
    Does anyone know of a FREE SITE where l can access Dividends paid in past years?
    Thanks
    Denis
     
  8. Rickson

    Rickson Well-Known Member

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    ASX site has all dividends.
     
  9. Denis

    Denis Well-Known Member

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    Thanks Rickson,
    I think it is only for the most recent twelve months, unless l am not looking in the right place.
    Regards
    Denis
     
  10. Alan

    Alan Well-Known Member

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    Hi Denis.

    I'm not sure how many Stocks you are after, but I guess you could also go to the individual Company Websites?


    :)
     
  11. Tropo

    Tropo Well-Known Member

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    http://quote.bloomberg.com/apps/news?pid=10000006&sid=a6YZCrITKsJQ&refer=home

    June 13 (Bloomberg) -- Gold fell the most in 15 years, dropping below $600 an ounce, and copper tumbled to a seven-week low as investors bailed out of commodities and equities on concern that rising interest rates will slow the global economy.

    `Reduction in Liquidity'
    ``Commodities probably are in for a period of correction,'' Soros told financial news network CNBC yesterday. ``We are in a situation where all asset classes are under pressure because of a reduction in liquidity.''

    ``The fears of a slowing economy are going to cast doubt on the demand for metals,'' said James Vail, who manages $700 million in natural-resource stocks at ING Investments LLC in New York. ``It's a very unsettling time. We're overreacting on the downside as much as we were overreacting on the upside.''

    :rolleyes:
     
  12. Alan

    Alan Well-Known Member

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    Maybe it's just me, but what a beautiful Chart we had today! That big dive down to around 4760 and the rebound back up to 4850 to finish 11.9 up. :)

    I literally sat on the sidelines and then held up the almost perfect score of 9.5. What a trading range..... what opportunites........Aussie......Aussie......Aussie........Oi....Oi.....Oi :D

    Seriously, I think the last few weeks have presented a variety of wonderful opportunities for investors. Not the least of which was to learn a bit more about ourselves!

    Have you ever noticed when the sharemarket is booming, the talk around the coffee urn can be a bit like "My Fund is up 35%"......."Really.......mine is much better at 38%" etc.........and a variety of chuckles and generally big smiles abound. Not a great deal of lessons learnt.

    However I think the last few weeks are really made to test us and can deliver some very worthwhile lessons........if we listen!

    I have heard more and more talk lately of big selloffs, taking losses, realising they may have over extended themselves.......in short........much more fear and serious talk.

    I think we get few better opportunities to observe how we personally react to certain financial situations and how much we feel we are driven as opposed to being in the drivers seat.
     
  13. Tropo

    Tropo Well-Known Member

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    Do not get it wrong.
    Choppy market is still on and may deliver a few surprises.
    :cool:
     
  14. Glebe

    Glebe Well-Known Member

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    Some great observations there Alan. This has been my first correction, and so far I haven't sweated the unrealised losses. But it's taught me the benefit of having money on the sidelines to pickup (perceived) bargains.
     
  15. Alan

    Alan Well-Known Member

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    Wow..........DOW just closed UP almost 200 points! :)

    Who knows what will happen next week........ but as we edge towards the end of the Quarter, I think those Funds who like a bit of volatility may start to buy the odd bottle of champagne...... even if it is a bit too early to open just yet.
     
  16. Jenny

    Jenny Well-Known Member

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    Which index does the navra american fund trade? Looking at the dow jones indexes site (for the very first time) there are quite a fex indexes? Four "key indicators" listed each rising between 1.83% and 2.35%.

    Jenny
     
  17. Tropo

    Tropo Well-Known Member

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    "..... may start to buy the odd bottle of champagne...... even if it is a bit too early to open just yet ".

    Well said !
    :cool:
     
  18. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    It doesn't so much "trade an index", as trade a selection of stocks that are typically found in a particular index.

    I do know what you mean by the question, but just be careful with your terminology ... "Trading an index" is a term typically used to describe the operation of an "index fund" - which tries to match an index. NavraInvest does not do this ... it merely uses an index as a guide for which stocks to consider for its portfolio, and also uses the index as a benchmark.

    According to the NavraInvest website, for the American fund "the benchmark is the Dow Jones Industrial Average (DJIA)"

    http://www.navrainvest.com.au/index.asp?content=our_fund
     
  19. Jenny

    Jenny Well-Known Member

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    Apologies if question unclear and language used inappropriately. This happens when you try to converse in a language you don't understand:confused:

    You answered the question I thought I asked - thanks.
     
  20. Nigel Ward

    Nigel Ward Team InvestEd

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    Don't feel shy about asking Jenny. We all learn something from the exchanges.

    My understanding of "trading an index" is to buy derivatives based on that index i.e. futures contracts of index options.

    What Sim' calls index trading I would have called "index tracking" which is, as he described, buying a parcel of shares that closely models the make up of a particular stock index so that you effectively get the same performance of that index (less what's called a tracking error).

    There's also a distinction, as Sim said, between using a particular index as your performance benchmark. There need not be a direct match between the investments held by a fund and its perf benchmark.

    but hey potAtoes, POTatoes... (doesn't really work in print does it? :D )

    Cheers
    N.