Hi readers
Market is playing out as expected nothing else really to report.
Housing bubble has popped as expected and getting worse, media just hasn't picked up on it yet.
Real estate agents around Melbourne and Sydney know it but refuse to admit it! (Trying to play it down as a correction before panic really sets in).
When you look at the numbers it the median areas which are struggling to sell . ( working class)
Had Australia burst the bubble back in 2008 this would then be a correction.
But government back then handed out money and increase first home buyer schemes which just inflated prices more.
Anyway stay in cash and just wait..
I got this email from a reader.
I picked up your blog from a Twitter account.
I'm sure you know her Kate.
For some reason she called you her orical.
I now understand why.
Been a keen reader of your blog for a while.
I'm assuming James Bond isn't your real name either not that I really care.
The reason I was asking in September for you to expose your trades was to show to some of my clients what your about.
Some had there doubts but went along with the proposal I put to them.
Yes by now you realise I am a broker, at one of the larger investment firms in Melbourne.
In October after we closed out of the BHP shares and index positions a decision was made by all of my serious clients to seriously trade your calls with my technicals as a filter.
Last week we did so, and while the market was trading higher due to Wall Streets closing positive, we attacked the market.
While our Sydney office had orders from overseas to buy we kept hitting the bid as quick as it was coming.
By lunchtime Melbourne time all our positions had been filled and it was a sit and wait attitude.
What was evident I could not believe.
Afternoon market started to slide.
The next day it continued as you had stated, we found ourselves sitting on 100+ point profit per contract within 24 hours, which is remarkable considering the markets where not volatile.
I started closing positions out in the ASX200 as that's serious money with the volume we had.
5155-5165 we had covered all positions and the next day started buying the market around the same area.
We ended up closing out on Friday near the end of the day at the 5210-5215 area.
To make so much in the space of such a short time is remarkable.
I've been in this industry for 17 years and have seen a hell of a lot of pie in the sky schemes.
My clients have asked me to speak with you about doing some sort of an advisory should you decide to give up posting, as they would be more than willing to compensate you for your time.
Management here have also asked to make contact with you.
After writing up 110K in business in 3 days you know why.
We now have the Sydney office cautions when we enter the market...👀👀
As for giving something back as you ask, 4 of my clients I know for a fact donated $25K to the Royal Children's Hospital in Melbourne.
Please consider my offer and get back to me.
Should you not be able to travel to Australia for whatever reason, we would be happy to see you in Singapore.
GD
UBS
Melbourne office
Market is playing out as expected nothing else really to report.
Housing bubble has popped as expected and getting worse, media just hasn't picked up on it yet.
Real estate agents around Melbourne and Sydney know it but refuse to admit it! (Trying to play it down as a correction before panic really sets in).
When you look at the numbers it the median areas which are struggling to sell . ( working class)
Had Australia burst the bubble back in 2008 this would then be a correction.
But government back then handed out money and increase first home buyer schemes which just inflated prices more.
Anyway stay in cash and just wait..
I got this email from a reader.
I picked up your blog from a Twitter account.
I'm sure you know her Kate.
For some reason she called you her orical.
I now understand why.
Been a keen reader of your blog for a while.
I'm assuming James Bond isn't your real name either not that I really care.
The reason I was asking in September for you to expose your trades was to show to some of my clients what your about.
Some had there doubts but went along with the proposal I put to them.
Yes by now you realise I am a broker, at one of the larger investment firms in Melbourne.
In October after we closed out of the BHP shares and index positions a decision was made by all of my serious clients to seriously trade your calls with my technicals as a filter.
Last week we did so, and while the market was trading higher due to Wall Streets closing positive, we attacked the market.
While our Sydney office had orders from overseas to buy we kept hitting the bid as quick as it was coming.
By lunchtime Melbourne time all our positions had been filled and it was a sit and wait attitude.
What was evident I could not believe.
Afternoon market started to slide.
The next day it continued as you had stated, we found ourselves sitting on 100+ point profit per contract within 24 hours, which is remarkable considering the markets where not volatile.
I started closing positions out in the ASX200 as that's serious money with the volume we had.
5155-5165 we had covered all positions and the next day started buying the market around the same area.
We ended up closing out on Friday near the end of the day at the 5210-5215 area.
To make so much in the space of such a short time is remarkable.
I've been in this industry for 17 years and have seen a hell of a lot of pie in the sky schemes.
My clients have asked me to speak with you about doing some sort of an advisory should you decide to give up posting, as they would be more than willing to compensate you for your time.
Management here have also asked to make contact with you.
After writing up 110K in business in 3 days you know why.
We now have the Sydney office cautions when we enter the market...👀👀
As for giving something back as you ask, 4 of my clients I know for a fact donated $25K to the Royal Children's Hospital in Melbourne.
Please consider my offer and get back to me.
Should you not be able to travel to Australia for whatever reason, we would be happy to see you in Singapore.
GD
UBS
Melbourne office
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