New /ASX/ thread: How is SGH still alive edition

New /ASX/ thread: How is SGH still alive edition

Veeky Forums approved meme stocks
>GXY
>HSO
>RMX
>BSN
>GPP

Other urls found in this thread:

airshow.com.au/airshow2017/index.asp
tradegate.de/orderbuch.php?isin=AU000000GGG4
twitter.com/NSFWRedditGif

No MLS?

Does anyone else feel like the ASX is flirting with a major downturn soon?

I'm a little spooked regarding the ongoing viability of the housing market, and I am thinking that will drag down valuations for a lot of the ASX200.

Anyone going in on CNJ for the cobalt play?

So I have 10k to fuck around with, what should I do? ultimate goal would be turn it into ~$300k and buy a house

No ggg or equ either

people who use commsec, what details to you use to log in to the phone app?

They asking your for your client id? I couldn't remember mine so I had to call the commsec helpline.

yeah the clientID.. Shouldn't that just be the same as the client number to login to netbank?

Apparently not. Google "I forgot my commsec client id" and I'm pretty sure it will tell you you have to call commsec to get it.

Is Conico Ltd CNJ:AU ASE worth a shot now that cobalt prices have gone up?

MLS. Will be 10-12c by mid year. Youll want to get on soon though as a big announcement is looming

Anyone looked at Brainchip? ASX:BRN

Machine learning chip that relies on hardware, not software. Been in R&D for 10 years, has a huge amount of potential application in fields like image/pattern recognition. Inventory seems to be a pretty switched on guy, Comp Sci professor and had a company bought out by IBM in the past.

They have a trial with a Vegas Casino atm for their cameras, I'm interested in taking a punt since it seems to be under the radar atm

I've finally saved up enough money to jump into buying some stocks, too bad the market looks so strong half of it will probably evaporate first financial scare into this year.

stop scaring me pls

Just keep an eye on this thread. Anons will give you tips and ask opinions about stocks; check them out, do a bit of research and then prepare yourself for a moon landing.

I wish I could, but I've already put too much of my money into the asx; need money for upcoming bills. I'm in EQU for cobalt though; no one else seems that interested in them, not sure why.

Been out of the game for a while, but I finally got enough doo's to spend, what's everyone watching?

>How is SGH still alive edition

And for how long?

I'm on EQU hoping for the moon

EDE is bolting straight out of the gates this morning. MLS looks like it'll spend another day bouncing between .14 and .15

What's the deal with MLS? Positive assay results discovery announcement pending?

Yep.

Fresh, might jump on board.

Any info on it being a positive result? I'm reading up now, and obviously it's speculative, but is there scuttlebut that it's a positive result?

They email your commsec ID to you upon account creation. Just check or search your emails you boofheads.

yessirrrr
i'v been slowly pulling my stocks out one by one, don't get me wrong the market itself seems to be doing fine, but the housing market is disgustingly unsustainable.
it will crash, take the market with it, all those millennials with 30 to 80k stashed away for a deposit when the crash happens will buy and the market will return to form in about half the time of the 2008/09 "recession"

be reasonable you fucking shill.

>1000% in 3 months

Yeah righto m8.

RE MLS:

HotAluminium threads suggests 0.026 as a realistic positive result of announcements this week.

Multiple mineral results possible from assays; Zinc appears to be main hopeful result Zinc price going up medium term it appears too.

Joe76 on HotAluminium forums there from has suggested 10-12c there as well.

>millennials
>with 30-80k stashed away (wut?)
>are going to put that imaginary 30-80k into a market that just crashed
>they'll do this when they have no job
>no job as a result of the deflation that took place when thousands of small business closed
>closing because they lost all the equity in their homes and investment properties
>equity they leveraged to start those small businesses

Prey you're wrong user

Guys I'm a bit confused about something.

How do I sell shares I own that I got from an inheritance?

Since then I've bought my shares through Macquarie but the ones I got through inheritance aren't connected to any brokerage that I'm aware of.

>tfw already lost 5% on GGG
should i just cut my losses here? is the company fucked?

It has died in the arse today. I'm going to hang in there.

I think you just bought in a little late, I'm still up 50%, if it drops any more I may sell though.

Talk to a financial advisor.

>sell when it went down
that's not a good investment strategy
if it dips to 0.15 i might buy more

my Stockbroker is shilling QHL on me. Current price 11c with a target of 20c in 6 months he reckons.

Quickstep F35 fighter to strike Avalon - now just weeks away
Australian Joint Strike Fighter supplier Quickstep Holdings Ltd (ASX code QHL) will be expecting its biggest ever lift in profile at the forthcoming Avalon Air Show near Geelong. The show is open to the public from 3rd to 5th March. Professionals are admitted from 28th Feb to 5 March 2017. airshow.com.au/airshow2017/index.asp
The Joint Strike Fighter will surely be the star of the show, being its first ever visit to Australia, after it reported big wins in highly scrutinised combat games held in the USA. This is the first ever victory by the JSF in such games, and a stark reversal from previous outcomes.
Australian enthusiasts will see the F35 flying for the first time on Friday 3rd March when two of the aircraft fly into the Avalon Airshow direct from the USA.
This is due to occur just a few days after QUICKSTEP reports its 1H FY17 interim results. While we forecast a modest operating loss of -A$0.4m for the Dec. 2016 half, we see this as a substantial improvement on the –A$5.6m operating loss incurred in the prior six month period. Furthermore this is a strong indication that QHL is headed rapidly towards a positive operating cash flow in the current 6 months ended 30 June 2017.
Also, further contractual success is reckoned to be not far away, following extensive and long-running negotiations regarding both aerospace and auto parts. Hyundai, Tesla, and an unknown Chinese motor company are but of few of the numerous auto “suspects” whom we believe are in discussions with QHL.
Our Target Price for Quickstep currently stands at 20 cps, almost double the price at the time of writing.
Quickstep will enjoy high exposure at the Air Show through product stands by both the JSF and Deakin University.

Better to get out now with some profit and buy back in later if it keeps dropping, because I think it will inevitably go back up again due to the nature of the prospect.

Once I sell shares through commsec, how long until they're no longer listed in my portfolio on the app.

why is it so hard to believe there are people aged between 20 and 30 that have been saving for a house they knew they wouldn't be able to afford outside of a crash?


when the property market crashes, property will be cheaper, altho admittedly more scarce.

millennials who have the cash will buy.

it will bounce back quicker.

i really never post on Veeky Forums and i'm not looking for some green text argument, i just really know so many fucking people holding on to deposits waiting for this crash.

I'm one of them but if it wasn't for the industry I'm in I wouldn't be confident that my job would survive an Australian-wide recession.

...

4th largest cobalt deposit, this could be the Pilbara of cobalt

According to that graph, the other guy wanting to buy in more at .15 is following it more than I am.

I'd be making 50% profit at that price. If that's bad investment you guys must be geniuses and should share some of your brilliance.

You don't understand the wider, macroeconomic implications of a full-blown house price crash/bubble pop in Australia. Things i hinted at in the greentext (deflation, small business bankruptcy followed by wide-spread job losses).
I'm 35, I have two brothers and a sister 19 to 27. I also play sport, drink and generally hang out with their friends. They do NOT have 30k+ in savings right now, nowhere near it. Some have gotten married, started families and already mortgaged themselves to the eyeballs to buy a house. The rest are pissing it away every weekend or only JUST finished uni and barely started a career.

The minority that do have a deposit saved do not number anywhere near enough to reverse a housing market crash, not even close.

>when the property market crashes, property will be cheaper, altho admittedly more scarce.
You can't have something's price CRASH and simultaneously be scarce. The price crashes because there is a massive supply glut. In this case, investors and boomers trying to offload debt as fast as possible. Now go back to what I said about how dependent business in Australia is on leveraging the equity in the existing housing market.
So what you have in reality is a depression level event including high levels of unemployment of unskilled labor (millennials). Most of whom actually don't have 10's of 1000's in savings.
The minority that do have enough for a deposit and still have a good enough job to actually afford a mortgage number so few they will have zero impact on events, let alone single-handedly turning the shit-show around.

The whole "yeah fuck the boomers, hope the markets crash, I'll buy a house then" meme is the sort of financially ignorant nonsense I fully expect from a generation that thinks $5 a day for coffee and $20 for smashed avocado is an essential purchase. Best case scenario for you is a small retraction in prices, followed by a short period stagflation that allows you to catch up. You should pray there's no crash.

super appreciate the reply, perhaps i'am the one in a bubble.

i don't understand economics enough to see how a self correction or stagnation will be enough to stop a crash, while kind of understanding the difference between the american housing crash and why it won't go down the same way.

the median house price to wage scale in SYD and MLB makes me confused and scared like a dummy.

As someone who is 21 with a trade (id say y jib is secure), no debt and enough for a deposit in my area saved up.
What would you suggest doing?

I started getting interested in shares and investing my money about a year ago when I was unsure what to do with the money I had saved up and wasnt quite ready to buy a house.

How would someone go about shorting the CBA? Being serious. Is it as insane as it sounds?

buying put options in CBA would be a start

i know this is ASX but auscunt here and how the fuck do i trade international shares? The process with comsec looks very complicated. pls help

If it is a speculative stock and you are up 50% that is not a bad time to cash out in my opinion. If you were up like that on a profitable business I would be more inclined to hold it long term, but for something that isn't currently turning a profit the risks are higher in my opinion and therefore cashing out is a smarter option.

What exactly makes you think a trade job is secure?

Depending on what trade you are in you are probably heavily reliant on the construction industry. If the housing price collapses construction would be expected to collapse with it shortly after. Trade skills will still be marketable but I doubt they would be anywhere near as profitable if a good chunk of the trades jobs currently in the construction industry evaporated.

No one's job is secure. If you've been working for the same place for 5+ years, have a family and are willing to take a pay cut, you might be the last person fired.
Just recently a family friend had his wage dropped to the award wage. His and every other employee there. They're all diesel mechanics. That notion, that an entire workshop of diesel mechanics could be put on award wages would have been obscene 5 years ago. No work, no pay.

As far as what to do with your money? Diversify. Don't leave it in the bank unless it's a "high" interest savings account as a bare minimum. Maybe look at an ETF but be sure to actually check what it's exposed to. You'll find a lot of funds labelled "international" or "US" are 80% NASDAQ stocks like apple, Facebook, Microsoft, netflix etc

You can open an online brokerage account which is what this thread is for and dip your toes. There are lessons that can only be learned by doing but start with a few small holdings. A couple grand so the mistakes you make are cheap.

Finally a bit of physical gold and silver won't hurt. Along with a small amount of cash. After bankwest had an outage that meant i couldn't get cash out, couldn't get my car out of the carpark and couldn't buy food, I'll never be without physical again.

Oh and never listen to "experts", read financial news or any of that crap. Nor anyone that's says shit like "investing in stocks is just gambling. They're 100% full of shit.

bump

The thing is that house prices depend upon banks issuing credit a lot more than people having savings.

But look, we know the market is overvalued, but what's going to make it crash? It would have to be an external shock, a pretty big one.

Same with China, we know they are overheated, but unless there is an external shock to them, I don't see them crashing.

So, do you think Trump will default on US debt? Because that's the sort of thing that would make our market crash due to the credit crunch that would occur.

I wonder if Trump could do that even if he wants to. I really don't see how the US can balance their fiscal deficit to eliminate foreign borrowing, which is what it seems to me they would have to do.

shit do you really think it'll dip to .15? I'm in at .173. I really would rather just hang on to the thing. When the mine goes ahead all should be well. At least that's my theory.

nope, it's starting to go up again in the europe session right now. guess i will have to wait for the next dip

tradegate.de/orderbuch.php?isin=AU000000GGG4
(prices in eur, disgusting spread, as always)

Looks good, thanks mate.

Mate, what price would you be looking to top up at?

You can look up international brokers on the exchnages like go to NYSE and look for brokers.

Most aussie brokers can but they have fucked limitations. I know comsecc is p expenso.

Nabtrade is another options inte is 15-20 bro. The catch is that u have to trade international once a year or u get charged and that you can get tax reporta for international stock

CHILDREN: Please understand a simple equation.

NO Lender will give you a loan or mortgage on something that is dramatically falling in value. Cash is king in busts.
The only mortgage you could get in such a scenario would be a 50% deposit and plenty of owned outright security. You'd need buckets of equity.

You want just have the market crash, the inevitable depression that would bring, the opening up of complete foreign ownership/immigration we'd have to implement aka massive competition to kickstart the housing and construction sectors - and still simply just get a 95% loan.

If a crash happens its best to own stock when it does, because you will never ever ever own stock if it doesn't.
You idiot millenials think you can out compete rich old multi millionaires who've been patiently waiting for a correction for decades and don't need to borrow because of cash reserves.

You're dreaming.
Nothing can replace risk and hard work.

I wish the mls assay would drop. I could use some good news this week.

The games being plyed to hold the sp down are starting to die. IMO that means an ann cant be too far away. Im guessing thursday

GGG up 6% just before market closed...

yeah I noticed that this week too. Not much in it for day traders or pip traders now. Everyone is holding.

This is almost offensively stupid - as are likely those who choose to get loans out for marriages or over leverage for retarded reasons. While I agree (and have some friends in the same boat) I can list ~14 people I know of who are able to get that money together to deposit for a house. Perhaps you need to get a better quality social circle? Or rather; base your ideas off a full range of people not just your immediate friends and siblings.

I am SPECIFICALLY keeping my money available for a crash - when I get a portion over my initial savings plan I dump it into shares and will continue to do so until the bubble pops.

You're over generalizing by thinking that some idiots who overpay for things make up the majority (keeping in mind boomers and others are leveraging out the ass to set themselves up and buy as much dumb shit).

There are those who are the generation between millennials and boomers -those with careers who aren't yet home owners.

Not him

But what if the banks refuse you, if the not only refute you a loan but also refuse you to withdraw your money.

Show me 14 of your personal friends aged 18-35 (millennials) who can get together 80k+ right now for 20% deposit on a loan.
You can't, because you're 10/10 full of shit. Scraping together 20k and paying fucking mortgage insurance is not the equivalent of a deposit.
>There are those who are the generation between millennials and boomers
I don't give a fuck about gen X because
>why is it so hard to believe there are people aged between 20 and 30

WE were discussing this from the context of a millennial.

The only thing offensively stupid here is the dumb shit who rocked up late, didn't bother reading the posts before and tried to shoe horn his irrelevant, under-achieving ass into the discussion in a tissue thin attempt to appear moderately more successful than he actually is.

I am a millenial so this triggered me but what you said is absolutely right my dude and i accept that and the whole blaming society for your fincial situation people my age do is understandable but annoying,just had a friend tell me he drew a giant dick on his election ballot because "the governments all fucking corrupt bro it's the rothschilds they're all sheep/pawn anyway " talking about how he's resisting the elites and baby boomers then spends $300 on festival tickets and drugs as well as another $280 to get his tattoos done but blames the boomers for fucking up the housing economy,he's voting socialists and greens

Wait, wait, wait. If I draw a dick on my ballot paper my vote goes to the socialists and greens?

AC8 gets a big boost today (25% UP) on the news that Federal government has legalised med marijuana!

Stockbroker emailed me a news wire this morning on the same
CANBERRA, Feb 22 AAP - Seriously ill Australians will soon be able to access medicinal

cannabis more quickly.

The federal government has given the green light for approved companies to legally

import, store and sell the drug until domestic production meets local needs.

The move will make it easier for patients who now must go through a lengthy process to

get cannabis from overseas once prescribed by an authorised doctor.

Health Minister Greg Hunt says those with profound conditions or palliative care needs

will instead be able to access safe, high-quality and appropriately-obtained medication

within days.

"It is time that they have the care that they need, the drugs that are prescribed by

medical professionals, and that they are actually available," he told reporters in Sydney

on Wednesday.

Once approved, commercial importers will be allowed to source medicinal cannabis

products from a reputable international supplier and store it in a secure warehouse.

It's expected Australia will have a continuous supply of medicinal cannabis within

eight weeks.

That will help fill the gap until local production - which was legalised late last

year - ramps up.

The first licence for private cultivation was only issued last week.

Victoria expects locally-sourced medicinal cannabis to be available by the middle of

the year or a little bit later.

"We want to make supply available but it has to be legal," Mr Hunt said.

"It has to be safe and we want to make sure this medicinal cannabis is available but

on the same basis as any of the serious drugs and medicines that can only be dealt with

through prescription and through a very rigorous medical process."

AAP ra/klc/goc
News Story: FED:Access to medicinal cannabis to get easier

He sounds like he is 22-24 years old.
Whilst there's an element of truth in saying the government is corrupt, not voting is a very poor way of fighting against that (unless we all did it).

EDE is down 4.41% this morning. Thoughts?

My immediate thought?
Who the fuck is EDE

Eden Concrete. Had good gains last year after winning a contract with USA to supply their more bio-friendly concrete to them.

They've picked up some decent gains since I bought in. Regular announcements are all good news too.

1 hour to get on MLS before the announcement tomorrow morning

>IAM Update

May come good even after all the anti-shills back in December/January

screencap this?

Cap it.

If you want to trade in international shares (nominally US stocks I'm going to assume), you need to file a W-8 BEN form and then your Australian broker (CommSec) will create an international account through their partner Pershing in the US.

Tbh it's pretty convoluted as you've noted, and you will get hit with higher commissions and have to get involved with US tax (generally you will cop a nominal tax on dividends as a non-resident alien and would not have to file unless you're trading in the tens of thousands daily).

I'd suggest looking at any Australian Exchange Traded Funds (ETFs). They are funds that are exposed to international stocks but you can trade them on the ASX as any other australian share.

An example is the BetaShares NDQ ETF, which is exposed to American tech companies like Apple and Google. You can purchase shares in that fund and it's share price will go up fairly proportionally the the share prices in which the fund is exposed.

There are many Australian ETFs with exposure to US stocks, foreign currency, commodities and indices like the S&P 500.

CAPPED my Captain.

And mls drops to .14 right at the end of the day.

What happened to XPE, it dropped pretty hard, would it be a good investment as of now?

The ASX will boom in the event of a housing downturn, given people will review their asset allocations and weight towards shares

But who was big 4 banks with mortgages making up over 50% of their revenue?

Bye bye ASX, down to 5000 pts

Last chance to get on MLS tomorrow before results come out on Friday
GLTA

Not to mention how many super funds have their client's investments in managed property funds. I know AMP in particular use their super funds to invest in shopping centres and the like.

No idea. It was such a promising company at the time, made $1K off them in a week! but now it's got no momentum or interest from investors, despite interesting anns and developments.

It was Thursday a couple of posts ago. Did that announcement about a director exercising his options change your mind?

You seem a bit mad here? Are you a bit fanny flustered at your buddies being called bad at saving?

You're a clown if you think there's not enough people actively saving for a burst. I'm 29 and both people at my work and friends are looking towards property with others jumping now or a few of us waiting for a burst.

Your figure was 30k - not 80, don't get upset at me if you meant 80 originally.

didn't rock up late - just couldn't let someone fear monger a bubble bursting - yes there is a significant amount of things which could occur within Aus if that were the case - however perhaps setting up an unsustainable housing market was probably an error?

DESU I'm actually curious about this if a huge burst were to occur. However it's (on the balance of probability) more risky for me to keep all my cash under my bed or out of the banks.

this is what I've been putting money into recently - been a delay in anything coming through and Aus will still be a bit away for anything huge - but it's progress that can't be ignored.

Sorry, my bad, that announcement was for ggg not mls

If the MLS announcement is shit, I will literally kill myself. I have far too much money invested in this company

he exercised his options and sold shares, i don't know what to think of this

The options allow him to buy roughly 1M shares for $0.08 each, so he is increasing his stake? is that a good thing?

What's the concensus on AAD?

Suicide pact? I don't have huge amounts but if it fails I'll probably feel like fucking shit,
It said he's selling his shares in order to fund his option buy in. I guess he makes a profit on his shares, and then he'll be able to buy in at a lower sp because of his options. Seems fair enough to me.

is A2M the new BAL?

Put me in your wills