Some Good fortune on the Market

Richo

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• May 10, 2007

• #1

Just thought I would share some good fortune I had lately.......As you all know I went away to the Caribbean for the Cricket World Cup for 3 weeks. Well before I went away I was debating whether or not to sell my BHP shares as they had reached $30.00 a share and I only paid $25.00......... I only had a couple of hundred so I decided to put in a sell at $32.00 and leave it there not thinking it would get there for a long time as they had dropped back to $29.00.

Well I came back to the Caribbean and finally got round to checking my e-mails only to find an e-mail from the ASX telling me I had sold my BHP shares at $32.00 !!! WTF I thought ! Then I remembered the sell I had put in a month ago.......I had made a nice little profit of $750.00 in my first buy & sell on the stock market so I am stoked

NOW WHAT TO BUY NEXT

 

Allstar cards inc

"Got one more than Shaq!"

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• May 10, 2007

• #2

Can't go wrong with the Blue Chips Richo....seems like there is a fair bit of action with the mining stocks at the moment.

 

theflyinggerco

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• May 10, 2007

• #3

I concur Marcus, ive got a few Woolworths stocks from work (about 250, but i only own 1 at the moment-im not going to pay for them, let the dividends do that) and they always seem to go up, thats big businesses sucking the life and the cash out of people for ya

 

ace e

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• May 10, 2007

• #4

here's a topic i know a bit about, i work for a stockbroker. Pm me if you need info (no stock tips unfortunately )

 

theflyinggerco

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• May 10, 2007

• #5

ace e said:

Pm me if you need info (no stock tips unfortunately )

Click to expand...

Thats the info people want

 

B

bigsarg7

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• May 10, 2007

• #6

well done, that great!

 

Richo

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• May 10, 2007

• #7

Thanks Guys !

Yeah bluechips is probably the way I'll go.......unfortunately I don't get the cash until 5 days after as it says this:
Trade Date : 09-May-2007
Settlement Date : 14-May-2007
Is that normal ???

 

theflyinggerco

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• May 10, 2007

• #8

from my 1st year accounting lecturer i remember Blue Chip stock are most expensive, but a low risk, at times low dividend investment from which you will nearly always reap long term rewards. Cant believe i still remember that shit

 

ace e

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• May 10, 2007

• #9

Richo said:

Thanks Guys !

Yeah bluechips is probably the way I'll go.......unfortunately I don't get the cash until 5 days after as it says this:
Trade Date : 09-May-2007
Settlement Date : 14-May-2007
Is that normal ???

Click to expand...

yes that is normal, trades on the ASX settle t + 3 which means 3 after you trade. ASX is closed on Saturday and Sunday (thank god).

 

Richo

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• May 10, 2007

• #10

Yeah I thought so, thanks Ace

 

hobbibox

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• May 10, 2007

• #11

Just buy woolworths shares u cant go wrong I got mine at $13.70 ..8 years ago they are now at around $30 and show no signs of slowing.

 

Richo

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• May 10, 2007

• #12

Shoes said:

Just buy woolworths shares u cant go wrong I got mine at $13.70 ..8 years ago they are now at around $30 and show no signs of slowing.

Click to expand...

To be honest Shoes that is what I am looking at VERY closely

 

hobbibox

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• May 10, 2007

• #13

PM me and I'll let ya know a little something about them.

 

Allstar cards inc

"Got one more than Shaq!"

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• May 10, 2007

• #14

Richo said:

To be honest Shoes that is what I am looking at VERY closely

Click to expand...

There was something in the Herald-Sun about Woolworths and KKR (private equity partner) buying out the Coles Group for 20 billion and then splitting it up - KKR to control the supermarket/liquor side while Woolies controls Target/Officeworks/Kmart....I don't think that the Govt/ACCC would allow this though as it would mean that there was a virtual monopoly over supermarkets in Australia...stay tuned to that one.

 

hobbibox

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• May 10, 2007

• #15

Allstar cards inc said:

There was something in the Herald-Sun about Woolworths and KKR (private equity partner) buying out the Coles Group for 20 billion and then splitting it up - KKR to control the supermarket/liquor side while Woolies controls Target/Officeworks/Kmart....I don't think that the Govt/ACCC would allow this though as it would mean that there was a virtual monopoly over supermarkets in Australia...stay tuned to that one.

Click to expand...

woolys own so many companies already

 

TCAC

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• May 10, 2007

• #16

haha that's great timing.

Within reason I don't think it matters what you buy at the moment.

The resource sector is on fire at the moment and it is driving up the rest of the market. I've bought a couple of these and all have gone up over 500%.

The bull is running hard up those stairs, similar to 2000. Just need to know when to bail out before the bear goes out the window like 2001. That's the real time to buy. I bought BHP after that crash for $10 and sitting pretty ever since. Wish I bought Macquarie Bank they were around $20-$30, now it's $90. #-o