Australian (ASX) Stock Market Forum

Recent content by littleshire

  1. littleshire

    TRS - The Reject Shop

    Hi, Does anyone know what is going on with this one? The slide seems to be accelerating. There have been no new announcements so far. Regards,
  2. littleshire

    CCV - Cash Converters

    Hi all, this one seems to be falling a fair bit. any ideas how far it will go?
  3. littleshire

    MCE - Matrix Composites & Engineering

    "Mr. -95%" does it again! Guys, this has always been and still is speculative buy, not value here... My 2 cents... or should I say: MCE @ 2 cents? :) Regards,
  4. littleshire

    Students of Roger Montgomery's (Buffett's) intrinsic valuation method

    Re: Students of Roger Montgomery's intrinsic valuation method Hi all, How people can blindly follow the advice of RM aka “Mr. -95%” :D is beyond me (read CCP tread for an understanding of his ‘nickname’). To consider an investor successful, he/she needs to have a solid record built up...
  5. littleshire

    The official "ASX is tanking!" panic thread

    Fasten your seatbelts everyone...:D
  6. littleshire

    The official "ASX is tanking!" panic thread

    what is wrong comparing crashes? people around here seems to think that because something happened 100 years ago it can't happen again... guess what? The market is still the same emotional beast it has always been. Ratios for the S&P 500 below, this only goes up to 2009, but the PE before the...
  7. littleshire

    The official "ASX is tanking!" panic thread

    There are many variables but only 1 that matters: DEBT and that was 2009, now is even worse.
  8. littleshire

    The official "ASX is tanking!" panic thread

    Have a look at the crash of 1929 (and subsequent bear market): - in the first leg down the market fell 48% - a recovery happened when the market bounced 48% - the second drop was 86% and the market was not coming from a multi-year bull run and of course the market had de-leveraged at that...
  9. littleshire

    The official "ASX is tanking!" panic thread

    Be careful you don’t end up in any of these groups: The born-again traders: this group heard somewhere that W. Buffet or P. Lynch were great investors, and decide to emulate them, borrow a couple of books and start researching companies here and there and finally, the time to commit money has...
  10. littleshire

    The official "ASX is tanking!" panic thread

    If you are twenty-something, take the market easy, the market is a nasty and crazy fella that can eat you alive if you are not careful. Rex, if you expect the market to raise why do you buy MQG? A single stock is not going to follow the market every a single day, there are some ETF out there...
  11. littleshire

    The official "ASX is tanking!" panic thread

    Like Warren Buffett said: "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer":) Ask him how many wrong entries he had. You are partially right regarding value investing, but I have to clarify here that the price only recovers for...
  12. littleshire

    The official "ASX is tanking!" panic thread

    I differ on this one, losing money in times like these means that you have sold your stocks too cheap and that is the worst thing you can do. Well... I have finished my buying for now, I have to start putting money aside again just in case the market goes to 3500 so I can buy more and even...
  13. littleshire

    The official "ASX is tanking!" panic thread

    I don't know about your strategy Duck, but I use the following mitigation mechanisms: - margin of safety - diversification - continuous (ongoing) valuations and review of my portfolio. For what I have seen (and I have been doing this for a few years), a few winners make the whole exercise...
  14. littleshire

    The official "ASX is tanking!" panic thread

    I’ll give you a reply based on my strategy; every trader is different so there you go. Let’s illustrate this with an example, let assume your parents give you their house as a gift, it is a nice house with water views and independent valuators value it at 1 million. The problem is there is a...
  15. littleshire

    The official "ASX is tanking!" panic thread

    AUT quick review: A good history of performance - only made a profit once in the last 10 years A good amount of assets with minimal debt - negative Earnings and cash flow, debt coverage negative Good results and findings - exploration companies are a gamble, there is no way to quantify good...
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