Hi readers
A number of questions and so many concerns...
Welcome to a Scorpio moon..
Regarding BHP, is it time to buy yet ?
That is a question for you to answer on your own.
Reason I say that is time frame, and patience.
How long do you want to hold it and what are your expectations.
At the present time it looks to as tho there is a serious carry trade/hedge playing out in the market regardless of price.
Selling the miners, buying the banks.
Yes overseas has finally caught on that the Australian public are slaves to the banks now.
I say that because the attitude is let's live the life in style and showboat while only pay the interest on loans. The piper isn't getting his money back, which is a massive danger.
Now we hear that the government want to change bankruptcy and insolvency legislation, to make it easier to try again.
While that is a good thing it's a double edged knife also.
Those old enough to remember this is 1990-1993 all over again.
Banks will be left holding the debt, in return shareholders will wear it .
My astrology is say around March we should get a better idea of what is a good price or BHP.
We there that is $15, $12 or even $8.80 I don't know.
Market is now just starting to understand the mine damage done, so 40 billion is 12-15 I think.
If 80 billion then $8.50 very strong possibility ... But until we see a cost of damage claim we really can't put a proper price.
So is BHP cheap at the moment? No.
Another full of crap stock is Macquarie bank, will never understand why they call themselves a bank, except for government protection.
Any private trader who trades seriously can't stand 2 companies in the world as they are what we call the blood suckers of the world...
Goldman Sachs , and in Asia Macquarie.
Flip traders like toys if they loose money which I guess is business, but it's the way it's done.
So every time they get caught out in trades by market volitility, I with my friends and HSBC enjoy drinking on there graves.
These firms have the most advanced algorithm software which is years ahead of the regulators.
Able to manipulate market to suite there traders.
In particular small cap stocks.
Regardless of what the SEC or the ASX make out in the public arena these companies basically have there own rule which isn't right.
Yes I did recieve an email weeks ago about pushing FRM down to 20 cents from 60. When we emailed out.
While there code was showing up as a seller at the start,whether that was for clients or not I do not know.
But then when the stock close at 84cents the first time word went around for 300k.
While I wanted to post it I wasn't able to for insider trading rules.
Unfortunately they managed to close shorts by covering.
Waiting for another assault for which this time I am able to act and will .
Yes I'm sure the emails will come from my so called friends so let's see how good they really are.
By the way just so you all know the company has NO intentions to sell shares over the next 2 years to raise capital...
Use caution in your trading for the rest of the month..
I'll post more information on FRM later.
A number of questions and so many concerns...
Welcome to a Scorpio moon..
Regarding BHP, is it time to buy yet ?
That is a question for you to answer on your own.
Reason I say that is time frame, and patience.
How long do you want to hold it and what are your expectations.
At the present time it looks to as tho there is a serious carry trade/hedge playing out in the market regardless of price.
Selling the miners, buying the banks.
Yes overseas has finally caught on that the Australian public are slaves to the banks now.
I say that because the attitude is let's live the life in style and showboat while only pay the interest on loans. The piper isn't getting his money back, which is a massive danger.
Now we hear that the government want to change bankruptcy and insolvency legislation, to make it easier to try again.
While that is a good thing it's a double edged knife also.
Those old enough to remember this is 1990-1993 all over again.
Banks will be left holding the debt, in return shareholders will wear it .
My astrology is say around March we should get a better idea of what is a good price or BHP.
We there that is $15, $12 or even $8.80 I don't know.
Market is now just starting to understand the mine damage done, so 40 billion is 12-15 I think.
If 80 billion then $8.50 very strong possibility ... But until we see a cost of damage claim we really can't put a proper price.
So is BHP cheap at the moment? No.
Another full of crap stock is Macquarie bank, will never understand why they call themselves a bank, except for government protection.
Any private trader who trades seriously can't stand 2 companies in the world as they are what we call the blood suckers of the world...
Goldman Sachs , and in Asia Macquarie.
Flip traders like toys if they loose money which I guess is business, but it's the way it's done.
So every time they get caught out in trades by market volitility, I with my friends and HSBC enjoy drinking on there graves.
These firms have the most advanced algorithm software which is years ahead of the regulators.
Able to manipulate market to suite there traders.
In particular small cap stocks.
Regardless of what the SEC or the ASX make out in the public arena these companies basically have there own rule which isn't right.
Yes I did recieve an email weeks ago about pushing FRM down to 20 cents from 60. When we emailed out.
While there code was showing up as a seller at the start,whether that was for clients or not I do not know.
But then when the stock close at 84cents the first time word went around for 300k.
While I wanted to post it I wasn't able to for insider trading rules.
Unfortunately they managed to close shorts by covering.
Waiting for another assault for which this time I am able to act and will .
Yes I'm sure the emails will come from my so called friends so let's see how good they really are.
By the way just so you all know the company has NO intentions to sell shares over the next 2 years to raise capital...
Use caution in your trading for the rest of the month..
I'll post more information on FRM later.
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