Remove this Banner Ad

Any Stock Tips? - Part 3

🥰 Love BigFooty? Join now for free.

Rio worth a long term buy in the coming weeks?

Has taken a hammerring in the last 2-3 weeks and is now trading at $66ish. There are concerns about the new government taxes, but many brokers still rate Rio as a $100 stock.

Thoughts?
 
Rio worth a long term buy in the coming weeks?

Has taken a hammerring in the last 2-3 weeks and is now trading at $66ish. There are concerns about the new government taxes, but many brokers still rate Rio as a $100 stock.

Thoughts?
Completely agree and I bought a few hours ago.
Bargain price I reckon.
 

Log in to remove this Banner Ad

I thought the tax only begins in a couple of years? :confused:
 

Remove this Banner Ad

And here's the bounce.

Talk about an overreaction, plenty of bargains out there now.
 
my advice buy silver and gold

the global economy is way too scary now to touch stocks
 
my advice buy silver and gold

the global economy is way too scary now to touch stocks

I think the selling is overdone. Expect a lot of sideways movement and the all ords bouncing between 4500-5000 for quite a while. Winners and losers to be had there as always. If the stocks drop well below 4500 next week then you might be on to something, however it should stabilize with a few bargains to be had. My two cents.
 
there are so many nasties out there

greece is just the beginning, portugal spain italy ireland etc all have big problems

the uk and us have debt to gdp around 90%

china has a housing bubble

it'll be like dominos

all ords wont hit 5000 again for a long time, sentiment is just too bearish, we might get back to 4700 if no dramatic news comes for a while

if another EU country needs a bailout we will go to 4000
 

🥰 Love BigFooty? Join now for free.

there are so many nasties out there

greece is just the beginning, portugal spain italy ireland etc all have big problems

the uk and us have debt to gdp around 90%

china has a housing bubble

it'll be like dominos

all ords wont hit 5000 again for a long time, sentiment is just too bearish, we might get back to 4700 if no dramatic news comes for a while

if another EU country needs a bailout we will go to 4000

Was concerned until I read your username.
 
From a well respected poster on another forum - Light hearted stab at the economy, short term

"here we go.

someone mentioned greece was the canary in the mineshaft - couldn't be more true. the ramifications of an insignificant economy (~1.5%) laden with debt affecting a larger economic zone is a hyperreaction - all because that little economy can't change it's own independant fiscal policy because it's now tied to the euro.

we now see funds refusing to lend to certain GERMAN interests because of their primary debtor concerns (greece/italy/spain). that spells disaster for the eurozone and the euro, but is a good thing at the same time because euro exports are suddenly great value, so german manufacturing looks likely to ramp up.

britain - what a basketcase - pass on comment.

what does it mean for the US? no one really cares, they're out of the spotlight now, the media don't report anymore on the (again) very poor data coming out of the USA. could see a lot of "made in detroit" tags on your clothes soon.

australia - rates to be cut back to around 3.50% and to sit there for a while IMPO - although they could go up in the short term as the RBA steers while drunk, bu i expect them come down in 50bp blocks at a time if they do. rents to only see moderate growth in the west and qld over the next year and then expect rampant runaway rises but mid-upper end values to rage like a wounded bull, sydney likely to get two feet on the ladder and melb a little too early to call - market could either be re-assessing or taking a breather for another leg up. quiet winner will be Darwin again.

affordable housing will be where it's at - anyone selling wants to be under median, anyone buying wants to buy at median or just above - to avoid the HUGE competition at anywhere under median. the sub $350k market is going to be VERY VERY VERY VERY (did i mention very?) strong in QLD and WA, any new developed product under this value will be hot to trot for OOs, IPs and renters alike.

my advice in any state is get as close to public transport as possible - if you're renting sign a 24m lease and lock in your rent now, if you're an OO look forward to good CG and if it's an IP only sign your leases for 6m at a time and you will get CG as well. you can bet your fat behind that oil companies will use this global turmoil as an excuse to ramp down production and raise prices - i expect $1.50 petrol by dec.

and there it is. i look forward to revisiting this in a year"
__________________
 
Market has been getting thrashed in recent weeks. When will it stop?

RIO @ 60ish and WBC @ 21ish are looking solid for a longer term investment IMO. Question is, will they go lower?
 

Remove this Banner Ad

Remove this Banner Ad

🥰 Love BigFooty? Join now for free.

Back
Top Bottom