ASX - ASX Limited

[The Barbarian Investor]

I was looking at ASX when it was $19, did anyone get on board?

 

[visual]

Re: ASX

wanted to,but did`nt quite understand it though,but got some sfe thinking they were the samesh kind of thing,know better now,but they`ve increased 200 percent so not complaining

 

[michael_selway]

Re: ASX

I was looking at ASX when it was $19, did anyone get on board?

Yeah i missed it, also missed SFE

 

[The Barbarian Investor]

Re: ASX

Hi Michael..

Why ABC Learning Centres as your Avatar?

 

[visual]

Can someone please explain,ASX and SFE have both announced div.
I thought that the ASX div. also included the SFE div.But a report on the Herald sun seemed to suggest that the two divs.are separate,so is the div.for both 63plus 32? thanks

 

[bigdog]

Todays news

http://www.news.com.au/heraldsun/story/0,21985,21045214-664,00.html

Even the ASX may be targetStephen McMahon with AAP

January 12, 2007 12:00am
THE New York Stock Exchange -- possibly working with Macquarie Bank -- is rumoured to be lining up a takeover bid for the ASX.

The takeover talk sent the company's share price up almost 4.5 per cent, or $1.60, to $37.45. This followed six consecutive trading days of falls from its 12-month high of $38.15. Last year, Macquarie was an unsuccessful bidder for the London Stock Exchange.

A statement released yesterday by the ASX after the market closed said the exchange has no information that supports such speculation.

However informed sources say Macquarie still has desires to purchase an exchange and use that as a platform to expand internationally.

A bid from Macquarie and the NYSE would kick-start a bidding war that could send the price up to about $50 a share.

"It would become a hotly contested asset and you would get a number of other players jumping in," Macquarie Equities private client adviser David Halliday said.

"A bidding war would transpire and it's hard to say what the final price would be, but we're talking prices deep in the $40s (per share) and if it became competitive, it's not unreasonable to see something like $50 or better."

A new owner of the ASX could use the exchange as a platform to expand into Asia, rather than buying exchanges in Japan, China or Korea.

Internationally over the past two years rival exchange operators have been battling for control of other exchanges. This has led to the London Stock Exchange price almost doubling from an initial offer of pound stg. 5 a share to just under pound stg. 10 a share. However it still remains unsold.

Last February, Macquarie Bank's pound stg. 1.5 billion bid collapsed after it only managed acceptances equivalent to 0.4 per cent of shares on offer.

Earlier this week, the NYSE and US investment back Goldman Sachs took a stake in the Indian Stock Exchange.

The ASX has a relatively open register and following last year's merger with the Sydney Futures Exchange there are still a lot of benefits to come from the integration.

"The time zone we sit in, which is almost directly between continental Europe and continental US, would make a lot of sense to someone who is doing global consolidation of exchange assets," Mr Halliday said.

"Also, we are a first-world economy with a stable political environment and right on the door step of Asia where all the growth is." - with AAP

Further article
http://www.smh.com.au/news/business...-stock-exchange/2007/01/11/1168105113660.html

ASX soars on rumour of bid by New York Stock Exchange

 

[Kauri]

If anyone follows triangles/wedges whatever this might be interesting...

 

[Kauri]

Am holding a couple of pyramided trades in ASX, but it almost looks to be ready for a correction of some sort, maybe another short leg up first??

 

[legs]

Any correction to the stockmarket can only be a good thing for ASX shares as they will benefit greatly from the volume traded. As in a correction for the ASX share themselve, i can't see it coming even with the high P/E ratio of the stock. I am holding..... it has been a bad move by me before but who hasn't ever held on too long?

 

[Kauri]

The volume in the current ledge type consolidation is not giving me any clues and I can't subdivide the current W5 to see where it is at so have left my stop at the high of W3... hopefully it will move one way or tother soon..

 

[Kauri]

The current attempt at a break from the ledge has allowed me to move the stop a bit closer to the action..

 

[>Apocalypto<]

Fellow investors and traders.

Great share that has done very well in this bull market. It's also in my top 10 favorite shares list to trade CFD's over.

Any one else holding or trading ASX?

I have posted a weekly chart of asx

Weekly: like a lot of other top 200 shares right now, ASX is weakening. looking for new support, next trend support $47.72, but if we experience a stronger correction a return to $45.50 - 46.50 lower trend support not out of the question depending on how quickley it may drop. if the current resistance at $50 holds and it moves sideways off to its trend line look for a confirmed ascending triangle like it has done in the past.

see pdf.

 

[Kauri]

After breaking out from the ledge she has come back down and successfully?? tested the top edge... may be ready to move on and up??

 

[Kauri]

I get the feeling that ASX may have had its run, have my stop up close now... if it does break-down she may be a good short opportunity???

 

[legs]

Look at this chart...last few times the stock hit the lower band see what happened?? Last few times RSI went below 50 see what happened?? I am NOT concerned and think we will get a strong bounce back in the near future...I am HOLDING, but will watch out for a break below the last resistance level as well...

 

[Kauri]

Well she closed below my long-term stop so I will be out at the open first thing tomorrow... rules are rules...

 

[Julia]

Well she closed below my long-term stop so I will be out at the open first thing tomorrow... rules are rules...

So Kauri, does this proposed exit mean you work entirely on TA?
No consideration of the long term fundamental outlook for ASX?
Would you plan on buying in again when a further uptrend is established?

 

[Kauri]

So Kauri, does this proposed exit mean you work entirely on TA?
No consideration of the long term fundamental outlook for ASX?
Would you plan on buying in again when a further uptrend is established?

Hi Julia,
Yes, all of my trades are T/A based.. I have a basic fundemental test that I use to confirm that the Co. is sound but that is as far as it goes. When an uptrend resumes and my T/A rules are met I will be back in. The main uptrend may not have actually ended yet, it's just my exit criteria that have been met.
Cheers
Kauri

 

[prawn_86]

When an uptrend resumes and my T/A rules are met I will be back in. The main uptrend may not have actually ended yet, it's just my exit criteria that have been met.

This is what i dont understand about TA. if you believe it is a good stock and will have another uptrend, then why sell now and buy in again at a higher price to what you originally invested in it when the uptrend does start again?

the only advantage i can see is freeing up of capital, but then CGT comes into it also...

im not having a go at your trading style, its just something about TA which has always confused me.

 

[reece55]

This is what i dont understand about TA. if you believe it is a good stock and will have another uptrend, then why sell now and buy in again at a higher price to what you originally invested in it when the uptrend does start again?

the only advantage i can see is freeing up of capital, but then CGT comes into it also...

im not having a go at your trading style, its just something about TA which has always confused me.

Prawn
There are many variants on how you determine your method to profit from using T/A, but almost all use the old saying "Buy into strength, sell into weakness". For an investor, this seems silly, because you are focusing on the fact that a particular business is sound and has a good outlook and therefore is undervalued by the market. If you are trading, you are seeking quick moves and place tight stops to minimize losses. We are looking to capitalise on upward momentum in the case of a long position and stocks that are going down don't qualify under this criteria.... ASX might be a great Company, but T/A doesn't place any bias on this opinion.

Kauri may also be trading using leverage, which may further lead him to maintain a tight stop.....

Cheers