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CFD trade tips

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Astro_

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I wondering if there are any CFD traders out there who would like to express their views on which stocks they think may be worth having a look at etc.

Ive had a CMC account for about 2 years now and are always keen to find out which stocks fellow traders are on.

I recently purchased AED @ $4.75 and sold the other day @ $5.85. Im currently holding NXS which I purchased @ $1.01 and is now trading around $1.20.

Ive noticed many of the stocks discussed on the "share tips" thread are not available through CMC so I thought it would be an idea to start a thread for CFD traders
 
LEI, I bought them on the 11-5-07 at $37.44 are worth $41.68 :thumbsu:

I would suggest buying FMG now. They had a big drop on Friday (18-5-07) But will bounce back next week. :thumbsu:
 

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I just confirmed with CMC that PTM- Platinum Asset Management will be available through CMC tomorrow when they list.

Watch these shares jump on open.

I thinking of throwing some cash on them. Def. a good long-term prospect.

Hopefully will be $10 in twelve mths.
 
bulldogtragic said:
Now 7.10 :)

Not a bad call astro.
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The other day Bell Potter increased their price target on AED to $8.22.

They also have QAN valued at $7.10 and were very happy the takeover didnt go through. They said UBS made the right call to block the takeover as the price they offered is well below QAN's valuation.

Bell Potter also said private equity firms will be throwing cash around to takeover companies over the next year or so. Brambles was def. a target given their balance sheet position.
 
Astro_ said:
The other day Bell Potter increased their price target on AED to $8.22.

They also have QAN valued at $7.10 and were very happy the takeover didnt go through. They said UBS made the right call to block the takeover as the price they offered is well below QAN's valuation.

Bell Potter also said private equity firms will be throwing cash around to takeover companies over the next year or so. Brambles was def. a target given their balance sheet position.
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I'm saddled up with a few possible takover targets. But there's something about QAN that makes me feel uneasy about signing up.

Shame i missed LEI a few weeks back...
 
With CFDs I tend to avoid stocks and tend to stick with indices such as Aussie200, S&P500 and Dow Jones.

For anyone trading thru CMC, how annoying are the requotes?!?!
 

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Barry Zuckercorn QC said:
With CFDs I tend to avoid stocks and tend to stick with indices such as Aussie200, S&P500 and Dow Jones.

For anyone trading thru CMC, how annoying are the requotes?!?!
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Gotta love trading the Aussie200.

A stockbroking seminar I went to last week said the aussie market will remain strong for the next 1-2 years. However, he said to expect a little more volatility at the market still trends upwards.

He strongly sugguested to "buy the dips". If the Aussie market falls again on monday or a little more this week I will def. be loading up.
 
Astro_ said:
Gotta love trading the Aussie200.

A stockbroking seminar I went to last week said the aussie market will remain strong for the next 1-2 years. However, he said to expect a little more volatility at the market still trends upwards.

He strongly sugguested to "buy the dips". If the Aussie market falls again on monday or a little more this week I will def. be loading up.
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How did you go?
Buy any stocks?
 
HotDog said:
How did you go?
Buy any stocks?
Click to expand...

I went long on the index @ 6,260 the other day and closed out today
@ 6,330. A nice $1.4K in a few days.

Im still holding AED which is cruising along nicely. Got them at $4.75.

Also picked up NXS at around $1.

Probably sell them out shortly then load up on a few of the following:
CSL, RIO, BHP, Orica, WorleyParsons, Seek.com and ALL.
 

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Astro_ said:
Here comes the first dip.

Might be an idea to go long the index next week.

You can trade the index (aussie 200 plus a few other indicies) through CMC markets.
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Fair dip today... Do any of you guys short sell? I mean if you followed US markets overnight, it was a fair indication our market would be well down today as well.

To answer previous questions about requotes, this is what they are:

You place an order via CMC's market maker program at the price on the screen. For eg, go long at 6300. You then hit confrm and then a screen pops up saying something along the lines of "sorry, can not do at 6300. Next best available is 6310" or something like that. The bad thing is you only get like 5 seconds to respond.

It doesnt happen all the time, but has happened on at least a couple of occasions. It's due to lack of liquidity in Aussie market.
 
Barry Zuckercorn QC said:
Fair dip today... Do any of you guys short sell? I mean if you followed US markets overnight, it was a fair indication our market would be well down today as well.

To answer previous questions about requotes, this is what they are:

You place an order via CMC's market maker program at the price on the screen. For eg, go long at 6300. You then hit confrm and then a screen pops up saying something along the lines of "sorry, can not do at 6300. Next best available is 6310" or something like that. The bad thing is you only get like 5 seconds to respond.

It doesnt happen all the time, but has happened on at least a couple of occasions. It's due to lack of liquidity in Aussie market.
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Now I know what your talking about. Yeah the requotes can be annoying, as you think you jumping on the price quoted on the screen, yet the price is then "requoted".

As for shorting the market, its not as easy as you say. Whilst the US market is a good indicator to what the Aussie market will do the next day, the Aussie 200 through CMC and other CFD insitutions and the futures market continues to trade overnight and similtaneously with the US market. If the US market begins to rise/fall, the index through CMC will most likely rise/fall at the same time.

If you logged into your CMC account today before the aussie sharemarket opened you would have noticed the Aussie 200 was already 100 points down, yet the aussie sharemarket wasnt open.
 
Astro_ said:
Now I know what your talking about. Yeah the requotes can be annoying, as you think you jumping on the price quoted on the screen, yet the price is then "requoted".

As for shorting the market, its not as easy as you say. Whilst the US market is a good indicator to what the Aussie market will do the next day, the Aussie 200 through CMC and other CFD insitutions and the futures market continues to trade overnight and similtaneously with the US market. If the US market begins to rise/fall, the index through CMC will most likely rise/fall at the same time.

If you logged into your CMC account today before the aussie sharemarket opened you would have noticed the Aussie 200 was already 100 points down, yet the aussie sharemarket wasnt open.[/quote]

Absolutely spot on. They're quite crafty at CMC. Aussie cash market opens at 10am yet they quote the futures till 10:15am or so... So this morning you could not have gone short at a price around yesterday's close because by 10:15am the cash price would have already made most of its move.

If only they started quoting the cash market as soon as it opens at 10am... Would have been ideal on a day like today.
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These things called CFD's are brilliant, but wont be around much longer. Check out the new account offered by Mac Bank called a Prime account. They offer you a cash account offering 6.2%, interest offsetting, a CFD account, a share account, and the biggest plus is you can access franking credits! This is because with the shares they give you the same level of gearing as CFD's, but you own the underlying share, thus can access franking credits. I opened my account yesterday with them yesterday.
 
A Zannatta said:
These things called CFD's are brilliant, but wont be around much longer. Check out the new account offered by Mac Bank called a Prime account. They offer you a cash account offering 6.2%, interest offsetting, a CFD account, a share account, and the biggest plus is you can access franking credits! This is because with the shares they give you the same level of gearing as CFD's, but you own the underlying share, thus can access franking credits. I opened my account yesterday with them yesterday.
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Being able to access the franking credits is a major plus. Have you got a link to the Prime Account? Def. worth invesstigate.

CMC does offer large investment choice, i wonder if this new account does the same.
 

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