SA Footy

ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Interesting to see what happens with this one.

Has been going up and down like a yo-yo the past week … daily swings of 1%

Hang on to your hat!

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

whufc wrote:

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

For some of us who are … um … nearing … um … getting on … we like to see our Super balances increase or have something in them when we want to take some out.

My Super lost 5.6% in a week.

Had a few good years so cannot complain too much. I’m sure it will bounce back

whufc wrote:

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

It was 4 years ago, don't worry about it.

Trader wrote:

whufc wrote:

Booney wrote:ASX falling to pieces on the back of Chinese group Evergrande looking like defaulting on $300bn (US) of debt.

Iron ore prices plummeting, this is going to be a big one....

Excuse my lack of financial intellect. What does this mean for the average punter trying to live a normal life?

It was 4 years ago, don't worry about it.

That's about the standard time it takes for global events to reach Spalding.

I joined share group
You would have seen it - purporting to be Tom Piotrowski
There some pretty suss people in it making out they are punters but they are in on it
So far they have recommended 3 US shares - all have gone up 25% - 50%
I am still trying to work out what their scam is: I reckon they buy the shares then tell the group to buy so they get the rise
The current share is DOGZ
I cannot believe what some people post in the Whatsapp group. Basically posting all sorts of personal information like share and bank account numbers.

I will keep you informed.

Update

So, I ended up buying DOGZ @$11
It closed at $11.42 last night so up about 4%

It's been quite interesting how much pressure these people put on you to invest.
Like "The Daily Reckoning" they bombard you with information.
No-one could spend their day writing a thousand word so it must be AI although TDR have been doing it for years pre-AI

Anyway, Tom Piotrowski came up with their 9th pick this year: PSIG
Being a bit of a punter, last night I bought them at $4...............

Nek minnut..................


I also bought LHAI at $12.20 last Thursday based on another share spruikers tip............


The trick is when to pull out
I have put a stop loss on both of them

For the Tom Piotrowski scam (sorry; scheme) they want 5% of your profit after +110% gain. That seems fair.
I am still skeptical so placing stop losses every night to lock in profits

Jimmy_041 wrote:U
The trick is when to pull out

A timeless question...

am Bays wrote:

Jimmy_041 wrote:U
The trick is when to pull out

A timeless question...

You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run

Update

On "Tom's" instructions I sold PSIG last night for a 10% profit in 24 hours
Tom thinks I should invest 10x more next time so I get 10x more profit
I said I would think about it. Tom says there is nothing to think about
Tom obviously never held a dumper. Don't be like Tom

DOGZ went down 2.1% last night to $11.20 but still up $0.20
LHAI went up 1.91% to $14.40 so up $2.20

Well, there you go

Early Thursday morning they recommended putting the house on CCHH at $15.00

They recommended this stock October 7 at $3.68 and sold November 13 at $5.30
I kept it in my watch list - its gone up 200% in a month - pretty much a $ per day
My BS meter was off the charts so I kept out of it
Massive pressure, including phone calls, to buy and go balls in

Friday night............. opens at $15.12 then BANG.......drops by 82.50% to $2.65. Biggest decline on the NASDAQ that day
This filth had been shorting it
Gawd knows what some people have lost

Then Saturday they come back online and say they have put in a complaint to SEC and are liaising with them over it - Yea right!

A fool and his money................