View Full Version : Is it time to load some shares?
Dow dropped a total of 300+ points yesterday and tonight. Time to buy some yet?
HLF
forming a beautiful pennant
S&P500 should be well supported by MA50
Tomorrow is Friday. People may not want to buy in and leave it over weekend. Maybe slight drop or slight positive tomorrow.
Best time to buy is Nov normally stocks rises in dec. Just my guess.
Tomorrow is Friday. People may not want to buy in and leave it over weekend. Maybe slight drop or slight positive tomorrow.
Best time to buy is Nov normally stocks rises in dec. Just my guess.
Window dressing by fund managers for their year end performance figures.
Tomorrow is Friday. People may not want to buy in and leave it over weekend. Maybe slight drop or slight positive tomorrow.
Best time to buy is Nov normally stocks rises in dec. Just my guess.
Hi, care to share, which counter you eyeing?
NB
3centsworth
16-08-13, 08:32
Cash is king now.
The stock market. Is experiencing fluxes as earnings are not justifying higher price. The recourse is for the market to head south for a while. Preserve your capital. Sometimes in October, a clearer situation will emerge in US.
Stocks that are likely to do well are housing and financials. Stables like utilities and pharmaceuticals will hold up well in times of uncertainty.
Cash is king now.
The stock market. Is experiencing fluxes as earnings are not justifying higher price. The recourse is for the market to head south for a while. Preserve your capital. Sometimes in October, a clearer situation will emerge in US.
Stocks that are likely to do well are housing and financials. Stables like utilities and pharmaceuticals will hold up well in times of uncertainty.
Be careful of pharma. Need to do a lot of work to see their patent expiration.:)
I have a soft spot for utilities. They deliver good dividend yields. And can be held long term in case of black swans - just continue to accumulate the dividends. Tobacco also a stable dividend yield. But lately not so good for capital gains. Some major pharma have been down lately and dividends looking quite attractive. The big players have more resources to get new drugs in the pipeline as the old patents expire. I haven't bought pharma for a very long time (disposed in 2007) but considering buying in again. hmmm...
phantom_opera
16-08-13, 09:54
look at the oil price first .. is 107 USD oil likely to bring another new high? I was aiming at 100USD for major entry but Egypt Tienanmen massacre hit
buy small quantity first on dip
I have a soft spot for utilities. They deliver good dividend yields. And can be held long term in case of black swans - just continue to accumulate the dividends. Tobacco also a stable dividend yield. But lately not so good for capital gains. Some major pharma have been down lately and dividends looking quite attractive. The big players have more resources to get new drugs in the pipeline as the old patents expire. I haven't bought pharma for a very long time (disposed in 2007) but considering buying in again. hmmm...
Sis, u in healthcare if I not mistaken. So u have info on patents readily available
:D
U are 1 up
China shares rebound with surprising surgethat lifts Hong Kong
Reuters in Shanghai and Hong Kong
16 August 2013
China shares rebounded sharply late Friday morning, lifting Hong Kong marketswith a surprising surge that had traders speculating on whether the root mightbe government support or a trading error.
The Shanghai Stock Exchange said in a statement after trading stopped for themidday break that it is investigating the spike, while adding that the marketswere “operating normally.”
At midday, the CSI300 of the leading Shanghai and Shenzhen A-share listings, onwhich futures contracts are based, went into the midday trading break up 3.6per cent at 2,406 points after being down by as much as 1.1 per cent.
The Shanghai Composite Index was up 3.2 per cent in the heaviest midday volumesthis year and, at one point, had risen 5.6 per cent. The Hang Seng Index was up0.5 per cent, while the China Enterprises Index climbed 1.6 per cent.
“A lot of talk is swirling in the market, among which is one (theory) that thegovernment hopes to keep the market stable for now,” said Zhang Qi, senioranalyst at Haitong Securities in Shanghai.
Financials led index gains.
Mid-sized lenders China Minsheng Bank and Industrial Bank each soared more than8 per cent in Shanghai, and Ping An Bank jumped by the maximum 10 per centlimit in Shenzhen.
China Merchants Bank reversed early losses after it was given the go-ahead toraise funds in a new share issue. The shares climbed 5.6 per cent in Shanghaiand 2.1 per cent in Hong Kong.
A sales trader from a major Chinese brokerage said there is talk of anannouncement after market close about a plan to convert stakes in large capcounters held by the Chinese government into preferred stock, taking theseshares off the market.
Large cap counters such as PetroChina, Industrial and Commercial Bank of China(ICBC) and Agricultural Bank of China (AgBank) all briefly jumped by themaximum 10 per cent limit before paring gains.
“Part of the volatility today is down to CSI300 futures settlement for Augustcontracts after market close, but there is a lot of talk about a possibletrading error,” said Cao Xuefeng, a Chengdu-based analyst with HuaxiSecurities.
The sudden surge in the last 30 minutes of the morning session for mainlandexchanges caused heavy losses in programmed trading in short positions in thestock index futures market, traders said.
“That appears a warning from the authorities for those who dare to shortaggressively in China’s stock market,” said a trader in Shanghai.
A Shares to be included in MSCI Index in November sudden surge of trades amounting to US$100B in 5minutes.
Futures expiry coming rollover and hedging activities in market
astroboy8681
16-08-13, 17:57
recently i was asking gurus about buying into gold...
just entered over this week into gold, oil & gas sector & some blue chips totaling 120k....
ti kong po pi po pi let my 2nd private home 3-bedder dream come true sooner than later :D
Regards to Gold
http://www.cnbc.com/id/100967113
HLF
forming a beautiful pennant
S&P500 should be well supported by MA50
MA50 support at 1656
Breaking this may be staring at next level, 30points down :doh: :scared-3:
astroboy8681
16-08-13, 18:25
Regards to Gold
http://www.cnbc.com/id/100967113
"Yesterday, equity markets came under pressure and people went back to gold. That's a sign people are getting a renewed feeling that gold is a store of value," he said, referring to the selloff in U.S. stocks and over 2 percent bounce in gold prices on Thursday.
guess the last sentence sums it all.... tks anyway will be holding for 5 years minimum (at least for gold)
oh well maybe even forever, pass on as heirloom for next generation...
Gold traders most bullish in 5 months
Consumer buying up 53% in Q2, almost making up for gold ETPs’ record sales
Bloomberg
19 August 2013
Gold traders are the most bullish in five months on signs that demand for coinsand jewellery increased during a plunge in prices that prompted billionaire investor John Paulson to cut his holding for the first time since 2011.
Thirteen analysts surveyed by Bloomberg expect prices to rise this week, fourwere bearish and five neutral, the highest proportion of bulls since March 8.Consumer buying of the metal jumped 53 per cent in the second quarter from ayear earlier, almost making up for the record sales of exchange-traded products backed by bullion, World Gold Council data show.
Gold is set for its first annual decline in 13 years after some investors lostfaith in the metal as a store of value, sparking losses for mining companies and hedge funds. Mr Paulson, the biggest investor in the SPDR Gold Trust, thelargest gold ETP, cut his stake by 53 per cent in the second quarter, an Aug 14 government filing showed. The slump spurred purchases and a 16 per cent pricerally from a 34-month low on June 28.
“People buying physical gold are more about having a store of wealth in the medium to long term whereas the ETP liquidations are more the speculative side,” said Mark O’Byrne, the executive director of Dublin-based GoldCore Ltd,a brokerage that sells and stores bullion coins and bars. “Physical demand remains very robust. People see gold prices as good value at these levels.”
The metal fell 18 per cent to US$1,368.95 an ounce in London this year. It reached $1,180.50 on June 28 after entering a bear market in April. The Standard & Poor’s GSCI gauge of 24 commodities rose 0.5 per cent since the start of January and the MSCI All-Country World Index of equities gained 10 percent. Treasuries declined 3.4 per cent, the Bloomberg US Treasury Bond Index shows.
Consumer demand jumped by 376.5 tonnes to 1,083.2 tonnes in the second quarter as global bar and coin purchases reached a record and jewelry usage was the most since 2008, the producer-funded World Gold Council said last week. While theremay be a “dampening” of demand in the next few months in India, last year’s biggest buyer, due to restrictions on imports, 2014 consumption should be higher than last year in the nation and in China, the next biggest user, the London-based council said.
There are signs of rising demand elsewhere. Turkey’s bullion imports this year through July were 80 per cent higher than in all of 2012, data on the Istanbul Gold Exchange’s website show. Trading in physical gold is “good” this year, and interest increased as prices fell, David Burns, head of commodities at Commerzbank AG, said in an Aug 13 interview in London. Fabricators are buying and private clients are seeing a second opportunity to enter the market, hesaid.
Physical demand helped push August futures on the Comex in New York above the December contract for the first time on Aug 2, compared with trading at adiscount before then. Backwardation, when nearby contracts are more expensive than longer-dated futures, can signal concern that near-term supplies are tightening.
The three-month lease rate, reflecting the cost of borrowing gold, reached a four-year high in London on Aug 7.
Prices will advance to US$1,600 by year-end because investors “over-reacted” to speculation that the Federal Reserve will trim monthly bond purchases and as governments maintain efforts to boost economic growth, Adrian Day, president of Adrian Day Asset Management in Annapolis, Maryland, said last week. Fed Bank of St Louis president James Bullard said on Aug 14 that policymakers should becareful in changing course based solely on economic forecasts.
Gold could have a “sharp rally” if investors begin closing out bets on price declines, Mr Day said. Short positions gained nine fold since November and reached a record on July 9, US Commodity Futures Trading Commission data show.While hedge funds and other large speculators increased net-long positions by 54 per cent from a six-year low set in June, the bullish wagers are down 76 percent since October, the data show.
Investors sold 682.4 tonnes from ETPs this year, including 404.4 tonnes in the second quarter, as unprecedented money printing by central banks failed to accelerate inflation. Paulson & Co cut its SPDR stake to 10.2 million shares in the three months ended June 30 from 21.8 million at the end of the first quarter, a Securities and Exchange Commission filing showed.
Mr Paulson’s Holding Paulson, who told investors as recently as last month that they should own gold, cut the stake “due to a reduced need for hedging”,according to an e-mailed response to questions. The New York-based firm’s PFRGold Fund lost 59 per cent this year through July. Billionaire George Soros and Daniel Loeb sold their entire SPDR stakes in the past quarter, filings showed.- Bloomberg
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