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Showing posts from February, 2007

Fall in Australian stocks, sharp decline in commodity sector

Australian Daily Market Roundup

As many of you would be aware, a fall in the Shanghai Stock Market of 8.8% yesterday caused sizeable losses on other markets last night. The major barometer of US stocks, the S&P 500, was down 3.4%, while the headline Dow Jones Industrial Averege was down 3.3%.
Our sharemarket, however, largely took the ruffled feathers of overseas markets in its stride.

The key benchmark, the S&P/ASX 200, fell almost 210 points at the open, which was the largest fall in this bull market, but bounced back almost 50 points to finish down 161 points. That's 2.7%. The solid bounce, and the notable outperformance against other key markets, gives us confidence in the market.

The market has run very hard over the last five months, and is up more than 1,000 points. It is natural for pullbacks to occur in strong markets like this.

If you have a look at any chart of our market, you’ll see periods of losses.The last period of sharp selling occurred in May 2006, but there w…

Aussie stocks falls Meltdown comodity sector trashed

Aussie stocks down on global sell-off; QGC jumps We all expected a correction in the market and it has come ..but not in the way we were expecting . The chinese Overpricesd stock prices climbed to high and there was the iminent fall in the share market. This fall in one of the world largest and fastest growing economies was sure to be felt hard by the dow jones. The good in this is .. the local investors get to pick up some bargains .. but then we cant say for sure when the market is gonna pick up and come back to normal. Some Aussie stock prices reflected below due to the massive fall in the down jones index.
(Adds Queensland Gas, updates indexes) Australian shares fell 2.4 percent on Wednesday, mirroring a sell-off in equity markets worldwide after a tumble in China's main index stoked worries of a global economic slowdown. The benchmark S&P/ASX 200 index <.AXJO> lost 144.3 points to 5,849.5 by 0230 GMT. It had fallen as much as 3.45 percent earlier in the…

Australian stock tips

The ASR SMS portfolio is drawn from the Today's Stock Picks . ASR SMS PORTFOLIO
CORE PORTFOLIO

ASX Code
Company Name(Activity)
Short-Long
Entry Date
Entry Price
Last Price
Exit Target
Exit Stop
AVJ
AVJENNINGS HOMES LIMITED(Real Estate)
LONG
25/01
$ 1.290
$ 1.440
$ 1.160
CDR
COMMANDER COMMUNICATIONS LIMITED(Technology Hardware & Equipment)
LONG
12/01
$ 2.120
$ 2.020
$ 1.910
CGF
CHALLENGER FINANCIAL SERVICES GROUP LIMITED(Diversified Financials)
LONG
14/02
$ 4.500
$ 4.630
$ 4.050
MAH
MACMAHON HOLDINGS LIMITED(Capital Goods)
LONG
15/02
$ 0.960
Exited:$ 0.860
$ 0.860
MXI
MAXITRANS INDUSTRIES LIMITED(Capital Goods)
LONG
15/01
$ 0.640
$ 0.700
$ 0.575
SPECULATIVE PORTFOLIO
ASX Code
Company Name(Activity)
Short-Long
Entry Date
Entry Price
Last Price
Exit Target
Exit Stop
AVO
AVOCA RESOURCES LIMITED(Materials)
LONG
17/10
$ 1.290
$ 1.315
BNT
BOUNTY IND FPO()
LONG
13/12
$ 0.165
$ 0.120
CTS
CONTACT FPO()
LONG
12/01
$ 0.620
$ 0.575
IRN
INDOPHIL RESOURCES NL(Materials)
LONG
03/11
$ 0.760
$ 0.685
PLF
PRIME LIFE LIMITED()
LONG
11/10
$ 1.130
$ 1.140
PNA
PAN AUSTRALIAN RESOURCE…

Cheapest online broker

Cheapest online brokerBrokerage charge can make a lott of difference between the profits u make if u are a small trader , new trader or professional trader. So it is a great importance to choose your trader only after u have done your research. Traders offer basic services and services with all the bells and whistles for which they charge more , you even manage to get discount brokerage if u are a more often regular trader.So it is best to know what sorta package u are looking for before making that choice . Money magazine has listed some real cheap brokers based on criteria that most new or professional traders are lookng for .. so all u have to do is choose the one that suits you.From Money Magazine, December 2006Gold winner: NetwealthYou really have to hand it to Netwealth — the discount broker has scored gold in this category for the sixth consecutive year. Netwealth has a budget price tag of just $17.99 for trades up to $5000 in value. That's as little as 0.36 percen…

Top paying Sectors in stock / share market in 2007 by Micheal cahill

Cycling Into a Big Year for Tech Stocks
Q&A with Michael Cahill, managing director of Manhattan-based Chilton Investment Co.
By Sandra Ward
Barron's - Courtesy yahoo financeYou'd never know the tech sector has been in a slump from looking at the returns of this artful and exacting investor. Since Michael Cahill launched a global technology, telecommunications and media fund for $4.5 billion Manhattan-based Chilton Investment in 2000, he's delivered returns of 119% net of fees, compared with a loss of 45% in the Nasdaq in the same span. Last year, his smart stock picking led to gains of 22.65% after fees. He accomplished that feat with a risk-averse 55% exposure to the market. That's nothing new for Cahill, a veteran of some of the most outstanding investment shops on the Street, including Kingdon Capital, where he customarily turned in triple-digit returns, and Capital Research, where he was a protégé of media and entertainment specialist Gordon Crawford. He sees good…