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Markets Live: Investors await earnings

Date

The market has closed flat, as investors wait for overseas leads and a flood of earnings reports due tomorrow.

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  • JBH out. HVN in. Watching like a hungry eagle.

    Commenter
    Gordon Gekko
    Date and time
    February 12, 2013, 2:02PM
    • Lostye...A market that I used to know (feat. Dan)

      Commenter
      Dan
      Location
      Sydney
      Date and time
      February 12, 2013, 1:54PM
      • Dont be stupid trying to short CSL, you will be caught , more sensible is to be a call option

        Commenter
        jacee
        Date and time
        February 12, 2013, 1:33PM
        • can't help not to short CSL...its result is out tomorrow and I gamble that it will get whacked like COH, the risk/reward is low so willing to take a punt with a stop loss set.

          Commenter
          newbie
          Date and time
          February 12, 2013, 3:23PM
      • Ding Dong 12.50 pm ASX 200 in the red Who could have guessed.

        Commenter
        Jonaze
        Location
        Sydney
        Date and time
        February 12, 2013, 1:03PM
        • I'm curious what your investment strategy is. Presumably you are a "long" investor who, despite knowing the market falls "every day", stays in, never sells and just grumbles about it.

          Is that close?

          Commenter
          cranberry
          Date and time
          February 12, 2013, 1:19PM
        • Cranberry, You are so far off the mark that you were aiming at the triple twenty and you missed the board completely. But keep being curious.

          Commenter
          Jonaze
          Location
          Sydney
          Date and time
          February 12, 2013, 2:02PM
        • How can you have a strategy, when stock markets are volatile and unstable. Rationality is often thrown out the window. So whether you're long or short, a lot of it is really luck. So, the primary thing to look for is stability, and we've got that with improvemnents in Europe, China, and the USA. But, at any moment, anything could happen that will lift or sink the market. So, if you're in or out of the market when that happens, that will determine whether your bet was successful or not. Yesterday, I was long in JBH and achieved 3.51%, while those shorters got whacked as Alan Kohler said. But, at the end of the day, it was luck that it kept going up. And I could have long again this morning, but I didn't have the courage after yesterday's monster rise.

          Commenter
          Gordon Gekko
          Date and time
          February 12, 2013, 2:47PM
        • Well spotted there sporty..totally agree.

          Commenter
          Ding Dong
          Location
          Prahran
          Date and time
          February 12, 2013, 2:57PM
        • Interesting. Ok, I'll aim at the bloke collecting empties to the right of the board. Does the strategy involve buying at open and then selling at 10:11am?

          Commenter
          cranberry
          Date and time
          February 12, 2013, 3:36PM
        • Getting warmer Cranberry. And I don't get grumpy everyday. I remember in my earlier life, the day before they opened the Sydney Harbour Bridge, 18/3/1932 the last day since that the ASX finished higher at 4.10 then it was at 10.10. I was very happy that day.

          Commenter
          Jonaze
          Location
          Sydney
          Date and time
          February 12, 2013, 4:41PM
      • correction is imminent...even better if the ASX200 hits the 5000 mark...be ready to short with a long put on CBA. CSL looks promising as well before Feb, 17. .

        Commenter
        newbie
        Date and time
        February 12, 2013, 12:41PM
        • After saying yesterday they would not alter the mining tax system, today they announce they might. Following on from the surplus ooops ! fiasco. Nothing like a bit of certainty in the (not really) election period, in parliament yesterday labor said thy had not set an election date as it can only be set when the GG formally approves it. Such sophistry from union hacks is surprising. She may be the first PM to be evicted with politically induced whiplash caused by the sudden changes in direction. The market seems to be ignoring them but the miners must be completely confused.

          Commenter
          Another Grump
          Location
          Vic
          Date and time
          February 12, 2013, 12:23PM
          • A typical day on for ASX 200. Flies up until 10.11am then either flies back down again or dribbles down all down making lower lows all day. Little wonder were up 120 points in 40 months. Averaged out 3 points per month for 40 months.What a joke. Can't wait till 14/10/2013. The election will come and go,The Election will come and she will go.

            Commenter
            Jonaze
            Location
            S
            Date and time
            February 12, 2013, 11:31AM
            • Then you must be super-psyched that the election is actually on 14/09/2013, meaning it will all happen a month earlier than you had expected!

              Commenter
              Luke16
              Date and time
              February 12, 2013, 12:03PM
            • Well, if the ALP are to blame for the Euro Crisis and US Fiscal Cliff, then Howard's LNP is to blame for the GFC (as it started before the 2007 election), which makes the LNP crap economic managers!

              Commenter
              Life Is Good
              Location
              The Real World
              Date and time
              February 12, 2013, 12:12PM
            • Yep, I'll be rich about a month after.

              Commenter
              Jonaze
              Location
              Sydney
              Date and time
              February 12, 2013, 1:05PM
            • @Life is good: No one has mentioned the Fiscal Cliff, Euro Crisis or GFC. Two of which barely touched our markets anyway. The issue is a complete lack of ecomonomic direction - no one knows which way Swan and Gillard are going to fall. Decisions are rescinded or changed, sometimes within days, sometimes reversing and reversing several times. Money they do not have is spent on pointless promises, they bought $2B of computers at double the real price; family allowances are cut; the mining industry, a bread winner for Australia, has no idea what the government is doing or stands for. Its not just us liberals as you would have it, look at the quality in the Labor Party that has deserted or been removed over the past year. And nearly all of it to satisfy a meglomaniac, JG; a couple of toady independents; and Brown; who himself has run a mile, and left the greens in dissaray. What do they stand for - its not business, its not the poor - who were deserted many years ago in the rush for Armani suits and the corrupt dealing of the unions who are meant to protect them. Oh yes, we have a seat on the security council and for that we continue to let our soldiers die in a shithole like Afghanistan. So we are big players on the world stage - get a grip ! no-one knows us or cares. I could go on but i suspect I am speaking to someone who, like Gillard and Swan, also does not listen.

              Commenter
              Another Grump
              Location
              Vic
              Date and time
              February 12, 2013, 1:33PM
            • Another Grump <3 that should look like a heart i case it doesn't turn out

              Commenter
              trying
              Date and time
              February 12, 2013, 3:06PM
          • Knock knock,
            Who's there,
            All Ords 5000
            All Ords 5000 what?
            All Ords 5000 living on a prayer

            Did we find a way to deal with the massive global move to de-leverage and expect to still see growth without using a reset button?

            Commenter
            Opinion Only
            Location
            Melbourne
            Date and time
            February 12, 2013, 11:16AM
            • Oh, that's a good one, I like it.

              Commenter
              Dan
              Location
              Sydney
              Date and time
              February 12, 2013, 12:07PM
          • Is CSL heading down the same path as COH?

            Commenter
            I have to find a permanent name for this blog
            Date and time
            February 12, 2013, 11:01AM
            • It does look over bought.

              Commenter
              geoff
              Location
              burraneer
              Date and time
              February 12, 2013, 11:35AM
            • It's almost like CSL is holding it's breath until tomorrow, hope I don't regret staying put!

              Commenter
              trying
              Date and time
              February 12, 2013, 1:30PM
          • Are we there yet? Can I go short now?

            Commenter
            ingenuous
            Date and time
            February 12, 2013, 10:42AM
            • hm...my bet is 4976 at close.

              Commenter
              Prop Trader
              Date and time
              February 12, 2013, 10:37AM
              • Had some good rises from retailers DJS, MYR, SFH, and JBH. What do you think will happen to Pacific Brands PBG - results due 18/2?

                Commenter
                Gordon Gekko
                Date and time
                February 12, 2013, 10:35AM
                • Ding dong ding dong, AO @ 5000
                  ding dong.

                  Commenter
                  Magoo
                  Date and time
                  February 12, 2013, 10:35AM
                  • You made the market fall ding dong.

                    Or maybe it was Jonaze.

                    Commenter
                    cranberry
                    Date and time
                    February 12, 2013, 11:41AM
                • Do't ya just love LNC, at the risk of being politically incorrect, its up and down like a (Ed: Sorry, deleted.)

                  Commenter
                  Another Grump
                  Location
                  Vic
                  Date and time
                  February 12, 2013, 10:30AM
                    • ohhh now I want to know what you deleted Ed.

                      ;)

                      Commenter
                      ohhhh
                      Date and time
                      February 12, 2013, 10:47AM
                    • not sure a reference to undergarments of the worlds oldest profession really belongs on this blog Grump (though admittedly I've used that reference a few times)

                      I agree with your main point though... the most volatile stocks are a true delight for traders.

                      Commenter
                      A Bodhi Nuisance
                      Date and time
                      February 12, 2013, 1:35PM
                    • Has it got to do with honeymoons ?

                      Commenter
                      The Oracle
                      Location
                      Oberon
                      Date and time
                      February 12, 2013, 2:50PM
                  • Good day for JBH shorters. Hills could be a good short term long bet.

                    Commenter
                    Gordon Gekko
                    Date and time
                    February 12, 2013, 10:16AM
                    • SPIs up 17 points Won't even get to 7 up before in the red by 10.11am.

                      Commenter
                      Jonaze
                      Location
                      Sydney
                      Date and time
                      February 12, 2013, 9:56AM
                      • Don't give up your day job....

                        Commenter
                        Cornucopia
                        Location
                        GC
                        Date and time
                        February 12, 2013, 10:24AM
                      • @Cornucopia.

                        Hope you didn't speak too soon.

                        Commenter
                        JohnB
                        Date and time
                        February 12, 2013, 10:55AM
                      • Be nice cornucopia, not in the red but as usuall the sharp dip at about 10:20. They nearly always lose their nerve after the early ramping.

                        Commenter
                        Another Grump
                        Location
                        Vic
                        Date and time
                        February 12, 2013, 11:01AM
                      • The question that should be asked is..........Why the early morning ramp every day?

                        Commenter
                        geoff
                        Location
                        burraneer
                        Date and time
                        February 12, 2013, 11:23AM
                      • Grumpy, its more offshore Global Equity Managers receiving funds in their time zone and thus need to buy Oz shares as we are 2% of MSCI. Given it is evening/night over there, they don't worry about timing the market, just getting set. The recent size of the effect means big flows into equities.

                        Commenter
                        Life Is Good
                        Location
                        The Real World
                        Date and time
                        February 12, 2013, 11:40AM
                      • It's only "every day" when you ignore the days when it doesn't happen.

                        Commenter
                        cranberry
                        Date and time
                        February 12, 2013, 1:00PM
                    Comments are now closed