General Markets Talk

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burge13

Premiership Player
Jan 25, 2019
3,224
4,920
AFL Club
Adelaide
Got a couple US bookmakers on the radar. Mainly DraftKings, they have fingers in the right pie with UFC/NFL deals. Can only see online sports betting being legalised in more states in the future, once it does it will just take off and they will start printing money.
similar to what PointsBet has done in the short time it’s floated.
Any smaller ones publicly traded? Draftkings has had it's run IMO ($18B marketcap), as has Pointsbet ($2B cap despite barely anyone using it).

Have a look at BET if you want to get into the gambling side of things. They'll benefit from legalization by offering their tech/service to more states. Smaller cap ($300M) but widely used and just did a deal with the NJ commission.
 

Schnitzengruben

Club Legend
Aug 4, 2019
1,726
2,243
AFL Club
Essendon
Bought HLO and WHC during the election chaos, have run substantially since then. Also been topping up on MFFOA since they were listed. Money for jam, in my opinion.

A few ETF's. VAS, NDQ and recently purchased ESPO. I like the thematic in ESPO especially.

For my personal account - I mainly buy microcaps. Usually shell's trading at or around EV with management who have proven track records, or are in possession of a high quality asset with perhaps unfavourable macroeconomic trends around it.
 

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Deliverance

Brownlow Medallist
Jun 19, 2011
10,641
14,705
MCG
AFL Club
Hawthorn
When shooting yourself in the head, once is never enough, particularly if you are still conscious. I decided to have another crack at BBUS, 120 more at 1.78.

One day their market will have a dip.

:think:

**** knows when, but one day ... :tearsofjoy:
S&P back above pre covid highs, surely this call will eventually come good for someone!
Has there ever been a period of low interest and QE like this in history? Hard to see anything tanking it short of a major disaster.
 

burge13

Premiership Player
Jan 25, 2019
3,224
4,920
AFL Club
Adelaide
Has there ever been a period of low interest and QE like this in history? Hard to see anything tanking it short of a major disaster.
Money as cheap as ever + continued vaccine news + stimulus in the US almost a guarantee. There's a lot left to prop this up but it feels like the top is in doesn't it? People are far too bullish considering;

Record unemployment/under-employment (if you include jobkeeper/seeker which is unemployed dressed up different), record debt, inflation, US lockdowns, closed borders, expected mortgage delinquencies, banks wanting their money back soon etc

Better off not overthinking it, just go with the flow. Market doesn't make sense at all but if you only did what made sense, you missed out on 10 bags from APT (like I did). Lesson learned, ignore the noise...
 

burge13

Premiership Player
Jan 25, 2019
3,224
4,920
AFL Club
Adelaide
IBX did another cap raise, I don't like the dilution but their announcement was very interesting. Worded it as though they're pushing ahead fully expecting human trials (which haven't started yet) are a foregone conclusion and they'll succeed no problems.

Raised at 8.5c and despite a selloff, it's back to 12c. Big end to the year coming up
 

NonPhixion

Bookie Assassin
Mar 27, 2018
4,186
5,361
AFL Club
Collingwood
Other Teams
Cleveland Browns, Tony Ferguson
Which of these should I get rid of? None are doing much at the moment.

ARX
CAD
CDT
CLZ
CRO
DRE
GSM
GAS
IXR
LTR
MGT
NPM
OAR
RMX
SBR
TEG
geez that’s a lot of gambling. I’m a conservative investor, but I’d be pulling out of half of those unless you have an abundance of cash.
 

burge13

Premiership Player
Jan 25, 2019
3,224
4,920
AFL Club
Adelaide
Which of these should I get rid of? None are doing much at the moment.

ARX
CAD
CDT
CLZ
CRO
DRE
GSM
GAS
IXR
LTR
MGT
NPM
OAR
RMX
SBR
TEG
I don't know what most of them even are but if you need to ask randoms on the internet for advice, you haven't done your research OR you need more confidence in it...

It also depends on your entries. If you got into SBR at 0.002 as opposed to 0.020 that's a massive difference for example...

OAR is in a hot sector and a neighbour to ADN I believe? I'd hold
IXR is also in a good sector. The rare earths ETF is rising & had a decentannouncement. I'd hold
CRO sounds good long term but they'll need another raise soon. Option conversion won't fund anything yet. If you're down on it I'd cut losses personally but we all have different risk tolerance. That's why asking randoms for advice shouldn't be of importance...

Of your list I hold
CRO (in at 0.011 and freecarrying)
IXR (average 0.012)

As NP said, that's a lot of gambling. Best to get pro advice if you're serious about it. All depends on your entries and risk tolerance though, so none of us can answer this for you
 

Jello_B

Premiership Player
Mar 2, 2014
4,190
2,846
AFL Club
Port Adelaide
Which of these should I get rid of? None are doing much at the moment.

ARX
CAD
CDT
CLZ
CRO
DRE
GSM
GAS
IXR
LTR
MGT
NPM
OAR
RMX
SBR
TEG
Lols did you just buy everything that anyone ever mentioned on here.
I hold IXR, scoping study due soon but Uganda risk.
I hold CDT, results due back soon but have no idea on likelihood of positive outcomes.
 

Jello_B

Premiership Player
Mar 2, 2014
4,190
2,846
AFL Club
Port Adelaide
I don't know what most of them even are but if you need to ask randoms on the internet for advice, you haven't done your research OR you need more confidence in it...

It also depends on your entries. If you got into SBR at 0.002 as opposed to 0.020 that's a massive difference for example...

OAR is in a hot sector and a neighbour to ADN I believe? I'd hold
IXR is also in a good sector. The rare earths ETF is rising & had a decentannouncement. I'd hold
CRO sounds good long term but they'll need another raise soon. Option conversion won't fund anything yet. If you're down on it I'd cut losses personally but we all have different risk tolerance. That's why asking randoms for advice shouldn't be of importance...

Of your list I hold
CRO (in at 0.011 and freecarrying)
IXR (average 0.012)

As NP said, that's a lot of gambling. Best to get pro advice if you're serious about it. All depends on your entries and risk tolerance though, so none of us can answer this for you
I am looking at CRO as well because their business model looks attractive but there recent financials were a turd.
 

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Schnitzengruben

Club Legend
Aug 4, 2019
1,726
2,243
AFL Club
Essendon
I think oil will still go up a lot more. It reminds me a bit of golds recent rally with how obvious it seems.
Oil is trending very nicely (as is coal). Energy in general is very sexy atm. I'm stuffed to the ******* gills in a junior oil explorer so I hope it continues.

Travel stocks are flying.

May have missed the boat on the big 4 banks.
Picked up some WBC at around $15 this year. Was confident they would be a great yield play when the sector returns to some normality.

HLO....need I say more? I hold WEB too but only a small amount.
 

Seedsman_

Premiership Player
Dec 2, 2009
4,011
6,218
AFL Club
Collingwood
Other Teams
Leeds United
Had a bit of luck today as I was able to pick up NVA at 18.5c. Couldn't get my order filled in the initial break. MBH is going strongly although it's move has been slow.

Which of these should I get rid of? None are doing much at the moment.

ARX
CAD
CDT
CLZ
CRO
DRE
GSM
GAS
IXR
LTR
MGT
NPM
OAR
RMX
SBR
TEG
LTR appears to be breaking out of it's symmetrical triangle however I would be careful given it doesn't have much volume. CRO is quite good fundamentally for a speccy.
 

Lyyynnnchy

Norm Smith Medallist
Oct 10, 2007
9,329
4,665
London, UK
AFL Club
West Coast

expecting rockets today with this mornings announcement
 

Schnitzengruben

Club Legend
Aug 4, 2019
1,726
2,243
AFL Club
Essendon

expecting rockets today with this mornings announcement
Ah, a non-binding MOU. Aka a piece of paper. That is generally a reliable precursor to an unsustainable rally IMO.
 

burge13

Premiership Player
Jan 25, 2019
3,224
4,920
AFL Club
Adelaide
CRO, announcement of an agreement with VISA... and another cap raise

Burning money hand over fist. Management seem hopeless with finances, remember only 6 weeks ago they didn't get their financial reporting in on time. Potentially great product, circus clowns running the show
 

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