Recent content by DrapSnagon

Hey there skc, OK, point taken on the proprietary CFDs:- I know little about them. However, I was thinking specifically about the IQ instrument - the ASX CFD. I believe that tracks the XJO, although the spreads can be awful, the liquidity even worse, and the market maker often goes to sleep...

Re: Personal Investment Strategy Help Hello galumay Can I chip in here? I have an opinion on several of these, FWIW .... ANZ: The best of the banks, subject to what they say tomorrow CAB: Hate it with a passion. Their business model is broken imho and it's been in a downtrend since...

We do now. I think it's worth a second look, especially for anyone with a position in AGK. Firstly, that chart is pretty uninspiring, with the share price now hovering only 20% above its $2 issue in 2010. That's not great, but not horrible either, and the timescale makes me comfortable...

Guys .... Please believe me when I say I AM NOT trying to dive in and out of this thread randomly, offering pearls of unsolicited wisdom from on high. Nor am I trying to be patronising. Also, I make no claim to understanding anything about OTC Index CFDs, so forgive me if what I'm about to...

GRRRR This has been on my watchlist since mid-2012 and never once has it fallen far enough to confirm a buy. Not even intraday. Sad really, because taking the plunge around 130c would have turned out to be an inspirational move. Still, rules are rules [even self-imposed ones], so all I can...

Agree. I like this and have done for a while. I bought into a parcel in July 2012 at 919c, and was somewhat gutted to have to sell into the ADM bid at 1224c in October that year. On the face of it, that was a good trade, but I didn't buy it for a trade:- I expected it to form a cornerstone of...

I had the pleasure of spending a couple of hours watching Jimmy Carr last week in his first Australia tour, for the pittance of $73 including booking fee. Google him. He is a very funny man who makes his living from exquisitely delivered profanity and describing body fluids. His best joke of...

skc is correct. Here's why ... The SPI is settled on the basis of a price index (ie:- the XJO), whereas the CFD equivalent is settled on the basis of a pseudo-accumulation index (the XNT). The idea is that the instrument reflects the primary asset if held to maturity. In the case of a CFD...

Yes. This guy is one of the very few out there who is driven by a genuine desire to educate. Sure, he has to make a living like all of us, but he delivers insight and real value with his words, and is entitled to charge money for them. Everyone should also race out and by his book...

DO NOT MIS-SPELL MY NAME WITH "O" WHERE THERE SHOULD ONLY BE "E" OK, just joshing you. I guess after everyone else reads this response, there'll be yet another reason to structure this forum in a more readable format. Let's leave it there. Snap PS:- Just previewed this post and it...

Re: Over weight, neutral and under weight I beg to differ {a little tiny bit only} Pixel is basically right, but I doubt the impact of individual fund managers on the general market. The brokers certainly have price-moving power in this issue, but I rarely see any fund manager issuing a...

Hello again people, The last 10 pages have been interesting :) And WHY doesn't this forum have multiple threads? Lord, it's a nightmare trying to follow the conversation when several people are trying to talk to several others about several different topics. Sigh. Anyhoo:- MichaelID...

Been there, done that. Hello all. I've skimmed this thread, and was struck by the thought that although it's a year old, the most recent contributions are some of the most valuable and insightful. MichaelID has absolutely nailed it, and Newt (perhaps without realising?) has also introduced...