Im looking for XJO to fall to 5400.

if you double the market highs / lows for 1999 – 2003, you get the current ones.

2700 x 2 = 5400

plus, long term trendline is there

thoughts?

here is a few div yields (ex FC’s)

TLSCA 9.5%
IAG 8.2%
SUN 7.2%

any others that are good?

well besides the normal building & pest clauses, make sure you get 21 days finance. 14 days is often not enough.

I always write deposit of $1000, as long as its enough to cover the 0.25% 5 day cooling off period fee. Never pay it up front, say you will pay 3 days after acceptance (or 14 days Ive done a few times)

Have a time limit on them…[Read more]

A warning on warranties……..they are not worth the paper they are written on. To prove this, the cheapest nastiest chinese units have real long warranties. WHY? the make 100,000 units then close the company and rename it.

The old a/c is probably OK, may just need a re-gas.

Buy a decent brand, or it will cost you no end of money and…[Read more]

burn mofo burnanyone who touched it deserves to fry

mummy, Im scared! I agree with L.A.!

oven issue is a lawsuit waiting to happen.

bad luck for anyone who started shorting at yesterdays open, XJO up 100+ points since, so far

re toolsIve been through the GMC's, the Ozito's, even the Ryobi's and B & D's……all these powertools died within weeks / months of trade use. Use Dewalt ever since & never had an issue.They may cost 5x more, but last 50x more and provide more power which saves time & money.$750 for a cordless drill. and the public whines about our charges when…[Read more]

turns out the sun comes up 3 hours before ASX opens, and goes down about 4 hours after ASX closes. Imagine that, doing work outside of ASX hours. Nah, say it isnt so!     also, Ive just been told that forex is a 24 hour market……..Im stunned……..did you know this?  geez, I might be able to trade AND renovate. Imagine my surprise! Here I was…[Read more]

A SPI trader I know says:"looking for a bounce on the 17th..price target 5710..see how it goes"she is wrong about 1% of the time, I kid you not. aka acouch on hotcopper

lol, thats rich coming from you L.Awealths post was condescending and deserved a slap. Richard, not sure why you spat the dummy, my post was CLEARLY directed at wealth, not you. Perhaps I should have said IN MY OPINION, its too late to start shorting. You may be right, there may be further falls. But I think risk/reward has flipped to the long…[Read more]

the difference is though, people only make one trip to work per day. tradies can make 10-15. MOST of our day is spent travelling from job to job, or job to wholesaler to job. a large chunck of our day is spent in wholesalers buying materials (and its normal to lose 2 hrs here since service is sometimes shocking) or in traffic. also we spend hours…[Read more]

well excuse me mr expert

and just what is “low”?

plenty of people thought Weds prices were the “low”

todays bargains are tomorrows margin calls….

fear and greed huh. wow, Im stunned. never heard that one.

guess I better send back that Diploma of Financial Markets (high distinction) and stop trading full time in forex and CFDs.

Richard, its…[Read more]

I was a sparky offering 24/7 service.I was often called at 2am in the morning.I went out and fixed the problem immediately, and charged $60 callout and $60 an hour (with min of 1 hr, this was back in 2000)you wont believe how people whined!lets look at it from my point of view:at 2am, my house gets a phonecall. everyone wakes up.I spend 10 mins…[Read more]

I think its that china growth is reliant on the U.S to buy the crap they make. Recession means they will buy less crap from China, which means growth may stall. This may cause resources demand and prices to fall hard. Our resource stocks have priced in perfection.Plus our banks ARE exposed to sub-prime, regardless of how you cut it.Insurance is…[Read more]

well property X offer was also rejected:

ask: 330k
offer: 306k
counter: 320k

might seem reasonable, but this needs a LOT of work…..2 new stumps & replace stucco.

Im now in a situation where I have take control away from 2 vendors. They can fight with each other over who gets the sale.

May the price war begin!

as expected, agent just called and said “vendor has reconsidered and has lowered their counter by 17k”

dont use floating floor.one drop of water and its ruined. Its noisy, looks crap, affects resale and warps in the sun.

well……….

1pm today, still no answer, so sent an email:

“please tell the vendor this offer expires @ 2pm today, as we are submitting an offer on property X through agent Y at 2.30pm”

ask price was “offers over 300k”
my offer was 286k

agent calls @ 2pm & says “sorry, but we couldnt just pluck a number out of a hat you know…….counter…[Read more]

you will find the fibro underlay is nailed on. There will be a million tiny nails to remove. This will leave small holes which is a minor issue. Be very careful not to chip the wood as each nail comes out, if they do, have PVA handy and glue them back in IMMEDIATELY.

Holepunch the nails you cant remove, as these look crap once sanded.

morts wrote:
it is possible/likely that your lowball offer is being hawked around to others who have expressed interest in this property.

good suggestion.

thx for all replies. will keep posted.