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Thursday, January 29, 2015

Questions/Answers

Hi readers
Need to get this out as many are asking same questions.

With the current profit results what is your valuation of the market?

Looking at the numbers which have come through at the present time, I feel as tho the market is at least 16% overvalued.
There are many companies that are grossly overvalued and some undervalued.
You need to be patient and wait for a bargin, same as when huge discounts are on sale at department stores.

How far does the A$ fall before its fair value?

As I've stated before this is a deadly game the RBA has got itself into and with the green light given to funds to sell the dollar there is no reason why it can't fall below 75 or even 70 to the dollar.
If you have US dollars and want to convert I would wait.
When the dollar was 1.05 a couple of years ago and I stated that it would never see this level again for a good 10-15 years only very few took it on board.
I'm glad some did and are just waiting.. You have made 27% on your money risk free, never get that in a term deposit.


If Greece leaves the euro what will that mean for the country?

I did the astrology on this and while there is short term pain, there is major gain for the country in 5 years time.
It's the creditors who are going to face huge losses and this could mean Germany will have to either defend the euro or prop up banks.

After APPL profit results are you still confident of $80, not $150?

Yes well it looks great but this is why the stock was $100+ area. Looking forward if you think the stock will keep appreciating then buy it.
I'll let the astrology do the work, and then say I told you so..
Betting against astrology is only 15-20% of the time right.
While I refuse to short the stock because of the war chest Cook has at his disposal.
I'm happy to wait for my price to buy it again.
Good luck ...... You might just need it .....LOL


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