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March 2, 2008 - 2:53 am
devo76 wrote:
The sooner we have a bust or correction. The sooner the doom and gloomers can jump up and down and celebrate the misery of others and the sooner we can look foward to a boom time.Let the babies have there bottle for a few years hey.
No, not celebrating the doom and gloom, but the inherint greed and self obsessed stupidity that has driven property prices out of reach of a lot of people….I have no sympathy for people who have to have it all now who will then cry the loudest when they find them selves over threir head who then expect to be bailed out usually at the expense of those who have saved and gone without.
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February 28, 2008 - 10:55 pm
L.A Aussie wrote:

Thanks for that.
No offense, but the first answer was very vague and I got the impression I was hearing the same old speils you here from punters when you ask them how they're going and I'm sure you've heard them before; they come out with all these answers like "yeah; had a big win last week" etc; meanwhile they're still doing their dough, but too afraid to admit it.
Thats cool mate. By all means spec stock is VERY risky hence the high return. A lot of people could have just as likely been wiped out, which may still hapen-who knows at the end of March for example when the first tests of their mine in the NT are released the share price could crash, then again it may well come through positive and the share price could sky rocket. I just got bored with property and needed something else to consume my mind and for the time being its the stock market lol
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February 28, 2008 - 2:59 am
L.A Aussie wrote:
Blogs,
you still didn't answer my question, and it's fairly straight forward;
Are you up or down for the last 12 months with your SHARES, and what percentage?
lol well excuse me!!!
Well that is actually a pretty difficult question as I have taken profits along the way, though if we look at whats in the bank and what Im still holding at the current price Im guessing around…5 times my initial outlay-is that 500%? will you sleep better now?
If you are alluding to the fact I may have been hurt in the latest overall ASX hitof the last few months-I was carrying very little as I had most of my money tied up in property and considering another purchase. Decided property was gunna be flat for a while so started looking at shares…either way the stocks will bounce back-always have always will plus people need to dump super somewhere hey…
Lots of instant millionaires been made outa MAK-people who got in on the ground floor are now millionaires hence the profit taking yesty-they get to a point where they are happy and sell out. Essentially though, beside profit taking nothing has changed about the stock so $2+ is a given IMHO
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February 28, 2008 - 12:45 am
redwing wrote:
What made you choose MAK, I'm sure there's a ton of ramping of other stocks as well on Hotcopper?
$50k is a Big Punt (For me anyhow), in JANUARY 2008 they were only 20c and less than that in JANUARY 2007, gutsy bet, I'm glad it paid off for you
Kind of a mix of things-my dad is involved in phosphate sales and agriculture and after reading about MAK and what they were doing my ears pricked up. Did a lot of reading and figured they were onto a good thing and would be worth a punt. Basically agriculture is set to boom-more and more mouths to feed everyday at a compounding rate. Besides IPL (Incitec Pivot Ltd) are MAKS only peers and have a look at what their share price is worth AND how much it has gone up up the last 6 months. If MAK starts producing even half of what it plans $2 will look like a bargain basement price. Im happy to day trade and make some money along the way but am holding for the long term!!!
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February 27, 2008 - 9:22 pm
Welcome. The first thing you shouldnt be asking is how much can I borrow BUT how much can I afford to repay, and being 19 years old Im guessing not a great deal?
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February 27, 2008 - 8:55 pm
Qlds007 wrote:
By the way the low for the day was 1.465.
Thanks-I was in a rush to get going home from work and couldnt be bothered checking. IMHO will probably drop back to $1.30 odd today with recovery towards the end of the day. End of next week should see it back up at $2. As with everyones quotes with property though-Im not an expert blah blah blah seek profesional advice blah blah blah. Im just sharing my story
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February 27, 2008 - 8:52 pm
Qlds007 wrote:
blogs how many are you buying in companies such as these.
By the way the low for the day was 1.465.
This is the only spec stock Im trading in at the mo-put the rest into CBA and the NAB…good potential there me thinks-peoples super needs to be put somewhere and they are down about 30% from December…
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February 27, 2008 - 8:02 am
All I can say is WOW!!!! What a crazy topsy turvy day!! A stack of profit taking as would be expected saw the share price bouce from a between a high of $2.10 down to a low of $1.55 I think it was. Did this at least 4 times during the course of the day-was pretty exciting to say the least and ectremley nerev racking, though was totally expected-a lot of people have mental 'blocks' so that when the share price hits a nice even figure like $2 decide to profit take and get out, then when it drops back down buy back in etc and so it continued all day.
I did a fair amount of profit taking myself and am again quite happy, just over the last 3 days I have averaged around 20-50% per day doing numerous trades. Still good value in my opinion and the stock needed this correction to maintain upward momentum. Now that the $2 mental barrier has been broken it should get up and over without too much trouble in the next week or two.. WIl be looking to buy back in at around $1.30 tomorrow
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February 27, 2008 - 2:37 am
Linar wrote:
ABS is also trading at close to $2.00. On Monday it was trading at close to $4.00.
Cheers
K
lol oh well that just shoots me down-quick everyone sell sell sell lol
Completely different companies with completely diferent stories. Do some research before bothering with silly posts…..
I dont care, made another nice profit this morn when MAK dropped back to $1.65 which was a bargain so bought more, now up around $2.10.
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February 26, 2008 - 10:53 pm
Hope some of you had a look at MAK and took a punt becasue its now trading at close to $2!!!
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February 25, 2008 - 11:00 pm
jsawtell wrote:
Well done blogs. Take the money while you can. I am sure you know this. The market is volatile at the moment. Having that sort of dollars wrapped up in one stock is dangerous and I am sure a lot of people have lost in the past 3 months. There are some bargains to be had on the market at the moment.
Continue with the good work. Feel free to share any other stock info.
Jas
Thanks mate-already have so basically Im just using play money now. I think banks in a few months will be a great buy-they have come back 30% since December, still some more bad news to funnel through but once that is clear definately a good buy IMHO.
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February 25, 2008 - 10:58 pm
duckster wrote:
Blogs,
You have done really well but remember that a 400% gain comes with an increased risk. Diversifying your stock market investment rather than having 50k in one high risk speculative share would lower the risk.
Thanks for the advice duckster but whats to say I dont already have a diversified investment
duckster wrote:
What you have to keep in your mind is how would you cope if 50k became 5k like one of my shares MFS did – hence I do not own it anymore. However as it was a small part of my overall portfolio I can cope with the loss and make up the lost ground later.
Imagine if you had invested in these blue chip companies -Centro or HIH or OneTel.
Check out the past failure of them!
True, but what people also fail to realise is if the property market drops back 5-10% that $40k would be totally wiped out, at least for the stock to be wiped out it has to come back 150%. Plus I dont have to pay realestate fees etc to sell, just $19 a trade
duckster wrote:
What is better with shares is the fact that you do not have to tie up $240,000 in one investment or $50,000 IN ONE INVESTMENT ,where as in property you have to pay stamp duty, mortgage insurance, council rates, Water rates, repair bills, cover any vacancy periods, insurance and land tax. Plus you have to find a lot of money to put in one investment unless you are entering property through using listed property trusts through the share market.
Agree entirely-I think balance is the key-to not have tunnel vision and only have property or stock, but a balance between the two.
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February 25, 2008 - 10:52 pm
McNorman wrote:
Not bad at all blogs, how did you get the info for that one to start with?
I havent had anything to do with the stock market yet
but am studying it at the moment and just about ready to start trading.
Check out hotcopper.com.au-lots and lots of good info there!!! Some gurus that are like the foundations of the ASX world
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February 25, 2008 - 2:23 am
neilvs wrote:
foundation wrote:
It's up to you whether to believe the MSM or fact-based analysis.
I prefer to work on facts, and am therefore fascinated by the facts you've supplied here.
My question though is how can the prices in Australia be explained if there is indeed an oversupply of properties about and not an undersupply as the media is reporting?
SImple-how many arm chair overnight expert proprty investors are there out there now!!!! Once they all start to feel the pinch and sell there will be plenty of supply lol
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February 24, 2008 - 6:05 am
simple wrote:
BOOM – sound of bobble starting to collapse… Here we go Lads and Gents, welcome to the era when conservative low geared people rule. As predicted by some, tipping over point is reached.
We are on the verge of a downturn never before seen!! Front page of Mebournes Herald Sun "Home buyers bolt" clearance rates down to 60% and this is just the begining!!! lol man am I guna enjoy sitting back watching all the mayhem when I was made to feel like an idiot any time I said the boom couldnt continue!!! Hahahahahahaah
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February 22, 2008 - 11:14 pm
I cant see it being a problem at all-what are they gunna do? try to let you get away and try to sell it to someone else? They will do everythying they can to hold you to the sale so dont stress!!!!
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February 22, 2008 - 5:21 am
foundation wrote:
You're right! It's different here. Our bubble is much, much bigger than theirs ever was, and it's still getting bigger, while the USA one has already popped and continues to decline at a rapid rate (they have a long way to go before they hit the bottom).
Cheers, F. [cowboy2]
Foundation sorry you will have to excuse my ignorance but what is the x axis? Is that mean/median value, groth etc? wHAT IS IT?
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February 22, 2008 - 2:26 am
L.A Aussie wrote:
Guilty of being biased towards property Blogs.
That's all I've ever done investment wise, and it's been good to me. You could do worse.
What makes you think I haven't MADE IT?
Not meaning to insult you there LA-I spose we all have a different idea of at what level we have deemed to have 'made it'. My point was that the richest people in the world, many of who are entrprenuers have made their mony through profit taking and chasing maximum returns. Thats not to say that your method hasnt or wont work BUY to say no matter what dont sell is narrow minded
L.A Aussie wrote:
To assume all property goes up at 5% is narrow minded.
I never said that property only grows at 5%????? I used those numbers for explanatory reasons lol. At what point do you sell then? When you are ready to retire and want to cash in? If you keep using the equity to purchase more proerties where does the positive cash flow start to come in?
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February 22, 2008 - 2:11 am
L.A Aussie wrote:

The herd mentality is to sell when the news is bad, but the cashed up experienced investors will be getting out the cheque book and dusting it off.
Now, where did I put it?
LA, are you of the opinion that prices wont fall but mearly stagnate for a few years?
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February 22, 2008 - 12:32 am
Gee mate there are all the normal property books that you will hear about on this forum BUT dont be scared to think outside the square, try reading Kerry Packers unauthorsied auto biography-fantastic read, but more importantly is showed he wasnt scared to sell up and take a profit when the time was right. Just look at when he sold Chanel 9 to Bond-everyone would have been saying 'NEVER SELL' blah blah blah yet that one action made him more money than you or I could ever dream of-sold it for $1 BILLION and bought it backa few years later for a quarter of the price. Same with all the moguls such as Branson, Trump etc rich people arnt happy to just sit on 5% growth if they can profit take and put the money somewhere else and make 10% growth!!