Official ASX Thread

Inmate
Inmate

What Brexit, Old memes edition.

XPE is back
LRS a shit
GXY and RAP hanging strong

We need some Au/Ag stocks that aren't West Perth micro-cap shell companies trying to get into medicinal weed. What have we got?

All urls found in this thread:
http://www.platinaresources.com.au/projects/munni-munni/
Raving_Cute
Raving_Cute

@Inmate
AQI is still cheap. Has attracted Sprott.

Also BYR another goldie, but the fuckers pulled a CR today just the the SP was gaining a lot of momentum.

Stark_Naked
Stark_Naked

@Inmate
You know now that you mention it Platina resouces(PGM) based on the Gold Coast.. has a Gold mine as well as platinum and of course scandium!

Harmless_Venom
Harmless_Venom

@Stark_Naked
Platina resouces (PGM) is also developing novel extraction processes like CLQ and LIT

King_Martha
King_Martha

bought gor & a2m today.

first trade ever.

girlDog
girlDog

@Harmless_Venom
PGM has Munni Munni gold resouces in Pilbara PGM Office however are base on the GOLD COAST QLD.http://www.platinaresources.com.au/projects/munni-munni/

Spazyfool
Spazyfool

@girlDog
could buy 2k worth of PGM now, would it be a good idea before it goes back up to 0.10?
if I bought for 0.093 would this be a good trade and sell it around 0.098 when it get back up to 0.10 again>

Sir_Gallonhead
Sir_Gallonhead

I own 1250 shares of GXY, should I invest further into GXY or diversify with PGM and/or AQI?

Booteefool
Booteefool

Just made 30% on RCG. Im thinking of taking a loss and selling my shares in LRS and MXC. Thoughts?

CodeBuns
CodeBuns

@Booteefool

MXC is already making money. Its more of a long hold. If you need you cash back now then sell at a loss but hold for a year or more and you should be back in the green....depending on where you bought at.

Raving_Cute
Raving_Cute

@CodeBuns
I bought at 5.6 but averaged down to 5.2

So frustrating watching this stock and I'm down $200. Too stubborn to sell but I really want the money back to invest in other things.
Just not sure if it will take off sometime soon or at least return my investment.

happy_sad
happy_sad

Held strong with PLS when it dropped into the 40s knowing it was a solid investment. Just released a BOA and damn it's ready to fly.

Hoping my other lithium play (AGY) does something similar in the next few months

idontknow
idontknow

Anyone watching 1PG? Looks very bullish after being completely oversold from 5.50 to 0.4. Annoyed I haven't jumped it yet.

hairygrape
hairygrape

@Sir_Gallonhead
1250 shares

Getoutahere.jpg

Sharpcharm
Sharpcharm

@idontknow
Was it oversold? Or was it simply overhyped and way overpriced at 5.50?

TechHater
TechHater

@idontknow

Just like Reffind, 1Page has nothing the market is willing to pay for. Their models simply don't work on a commercial basis.

It's quite easy to work out which tech companies have a model that works. Open the latest annual report and check the figures under cash flow from operating activities, and earnings before interest and tax.

JunkTop
JunkTop

bad day for RAP

those new shares getting released to blame?
anyone got any other ideas?

PurpleCharger
PurpleCharger

@Raving_Cute

i know the feels. Im hoping it will be higher than that at years end but who knows

Illusionz
Illusionz

@CodeBuns
Bought at 0.052. Might as well leave it there for a year...car parts can wait.

viagrandad
viagrandad

@JunkTop
Only thing i can think of is people who bought high before that june drop cashing in after the small rebound.

haveahappyday
haveahappyday

@TechHater
That's what i was thinking. There seemed to be a lot of hype when they listed about simply being on the ASX. Very unusual for a software company with no real product to be worth over a dollar, let alone $5.
Typical speculative hype for a software startup

Deadlyinx
Deadlyinx

@Inmate

XTV is going to skyrocket once the trading suspension is lifted.

kek @ anyone who didn't buy in prior to the halt. Shit's going to hit 10c by the end of the year.

Sharpcharm
Sharpcharm

@hairygrape

Gotta start somewhere, but okay, thats cool, super helpful buddy

askme
askme

@Deadlyinx
I fucking hope so.
I put $6000 into it before it crashed and went into trading halt. They have replaced a few member's of their board of directors and have been in temp. suspension for a few weeks now, just extended it to monday next week (who knows if they will come out then with good news or not). At any rate I am getting rid of my XTV holdings once it passes around 0.022

iluvmen
iluvmen

@Deadlyinx
@askme

Yeah right. The second it resumes trading it will be dumped and hit the fucking floor.

SomethingNew
SomethingNew

Sup, I've been out for a while and I got a message today that IOT is now in a training g hault until Wednesday. Any idea why? I know it tanked after that vid release.

King_Martha
King_Martha

@Deadlyinx
lol I've heard this sentiment before!

farquit
farquit

@SomethingNew
Capital Raising. They probably need bigger plants and manufacturing capability, apparently their presales have gone up from 250K to 400K

FastChef
FastChef

Welp, today was a shitty day.

GoogleCat
GoogleCat

@FastChef
Not if you're cool and hold MMJ

Sharpcharm
Sharpcharm

@GoogleCat
Far out. Dem returns.

Anyone know whats going on with the banks? They dont seem to be doing so well recently.

Fried_Sushi
Fried_Sushi

@Deadlyinx
XTV is going to skyrocket

m8
it's going to 0.001
they have nothing

VisualMaster
VisualMaster

@Sharpcharm
Brexit.

AwesomeTucker
AwesomeTucker

@Inmate
tfw down $900 on RAP

t-thanks people who suggested it. i have no fucking idea why it's crashing so hard rn.

Inmate
Inmate

@AwesomeTucker

its crashing because a bunch of shares just got released from escrow. also people are cashing out after holding for a year avoiding that CGT.

just fucking sit on it. wait until the end of the year and you will be sitting on some nice gains.

keep calm, stop checking it every 20mins

Garbage Can Lid
Garbage Can Lid

@Inmate
why is the £ still getting weaker?

Methnerd
Methnerd

sold PSC at 0.029 hoping to get the retrace after patiently holding for 2 months
couple of hours laters its 0.035

Ignoramus
Ignoramus

There are people ITT who actually invested in XTV Networks

Raving_Cute
Raving_Cute

As a first time investor, should I invest in CBA?

Garbage Can Lid
Garbage Can Lid

@Raving_Cute

You're probably already invested in them if you have superannuation

Sir_Gallonhead
Sir_Gallonhead

Serious question guys - what do you reckon about Austin Engineering? It's SP has tanked for ages, now I reckon it's going to retrace.. could double in price by the end of the year.

happy_sad
happy_sad

@Sir_Gallonhead

Mining services companies are a dime-a-dozen

SomethingNew
SomethingNew

@happy_sad
This. The company I work for owns 13.

massdebater
massdebater

How do I short companies or ASX? I'm using comsec andy advice would be good.

I want to short long term, say 1 - 2 years.

Emberfire
Emberfire

@Ignoramus
Yeah I bought into the meme and lost $256

And that was selling out at 2.3 or something. Imagine if I let it go down to 0.08. Would have killed myself

Crazy_Nice
Crazy_Nice

Liberal Party winning ruling majority will see a rise in ASX listed stocks.

Agree?

SomethingNew
SomethingNew

Man... fucking CIM

I inherited this stock and have seen it going up for the last 6 months but today it's copped a fucking hiding, down 15%.

I kind of thought something was fishy since they were bucking the trends of the general market.

Poker_Star
Poker_Star

@Deadlyinx
This is the funniest post i've read all day. thanks for the laugh

Spamalot
Spamalot

@Crazy_Nice
No.

Both parties are pretty similar in that they are shit for the economy.

Liberals are actually the worst of the two, if that wasn't obvious already.

So nothing will really happen as a result of the election.

No-one cares which fuckwits are doing nothing in Canberra anymore.

Snarelure
Snarelure

@Spamalot
liberals
worse for the economy

kek

massdebater
massdebater

@Snarelure

He's right

Methnerd
Methnerd

@massdebater
No, he's not.

Labour always get us deep into debt.

Nude_Bikergirl
Nude_Bikergirl

@Methnerd
Just like the liberals are doing now.

Raving_Cute
Raving_Cute

@Nude_Bikergirl
Simple answer. Liberal is the better chance for Australia's economic stability! Now due to the hung parlement there is a grater risk of us losing our AAA credit rating, even with a liberal government. However had labour gotten in they had a budgeted 20 billion dollars more spending witch after all global events and current instability would have garunteed us loosing the AAA credit rating with in 12 months.

Please note I'm strictly speaking about there economic policy's. I do not talk about the other policy's in this therad.

CodeBuns
CodeBuns

@massdebater
@Spamalot
lmao good joke

Raving_Cute
Raving_Cute

Should I sign up for Invest Smart? Are they any good?

askme
askme

Neither major party is interested in creating a dynamic economy. They are interested in three things :

Funnelling public money toward things that benefit their donors;

Signing restrictive trade agreements for political reasons and calling it """free trade"""

Propping up asset bubbles so speculation can continue unabated, enabling more private sector debt

likme
likme

@SomethingNew

be so ashamed of your corporate behaviour that you change your name
yep, this will be a good investment

Poker_Star
Poker_Star

@Crazy_Nice
yeah I agree with you but I still think Liberal would see a temporary short term boost for the ASX, just due to sentiment, not anything fundamental.

Methshot
Methshot

Hope whoever suggested LRS a couple weeks ago put their life savings in it and have since killed themselves.

Booteefool
Booteefool

@Methnerd
Caring one iota about government debt when borrowing is virtually free

Not caring that the government sells off anything that could see a return to earn "surplus" meme points.
Not caring that the government enters into contracts to essentially pay all expenses of the institutions they sold for meme points.
Not caring that the government is building/investing in absolutely nothing to build the foundations necessary for the future of the economy.

I fucking hate almost all the political parties in this country, but if you genuinely believe the surplus meme you are a complete fucking retard and absolutely should NOT be giving advice on this board nor indeed risking investing yourself.

Please don't bring idiotic political propaganda here, we have /pol/ as a perfectly good containment board for morons.

Need_TLC
Need_TLC

I'm holding out for the cash rate cut next month and the credit downgrade before I probably buy into an ASX 200 ETF, probably STW.

Anyone here waiting for the crash before they buy the fuck in? Part of me feels like everything is going to shit and there is going to be a collapse. Brexit, Trump/Clinton, racewar, unstable government, etc.

eGremlin
eGremlin

@Need_TLC
Unless it's another GFC then it won't have much of an effect.

Supergrass
Supergrass

@Snarelure
All they're doing is taxing the fuck out of everything and hoarding the money.

Richer government ≠ better economy.

likme
likme

@Spamalot
Liberals are actually the worst of the two
uhhhhhh what

can you tell me how "jobs and growth" as a slogan is WORSE for the economy than "save medicare from the great oogily-boogily"

RavySnake
RavySnake

@Spamalot
In this cycle Libs and Labs both are bad, but Labs are worse of the two.

The stalemate in parliament will screw any chance we had of economic reforms so our credit rating is going to get rekt this year.

With regards to the share market it won't have much effect as nothing will get thro the senate, so just same same.

TurtleCat
TurtleCat

@Booteefool
You have no idea what you are talking about.

BlogWobbles
BlogWobbles

@Booteefool
...but I agree we should stick to asx.

StonedTime
StonedTime

So on that note...
PGM, LCD, AKK & still thinking about GTR

SniperWish
SniperWish

Who's taking up their Vocus rights? I know I am.

Fuzzy_Logic
Fuzzy_Logic

@likme
Pretty sure my old boy owned them when they were Leighton..

Harmless_Venom
Harmless_Venom

@likme
Slogans mean nothing

It's literally just something to drum into stupid peoples heads so they'll vote for them

"Oh they said Jobs and growth! That means they'll give us that! I don't need to know how they'll do it, they just told me they will!"

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