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Markets Live: Rally runs out of puff

Date

Patrick Commins, Jens Meyer

The sharemarket managed a slight gain, as enthusiasm over BHP's bumper result failed to distract from some poor earnings results, while the dollar got a boost from the RBA's minutes.

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  • Strange how the big mining industries can make mega profits whereas small businesses are going under due to this Abbott government.

    Commenter
    Steeden
    Location
    Ballina
    Date and time
    February 18, 2014, 5:15PM
    • My job is looking pretty safe. We've been busier than ever lately.

      Commenter
      Centrelink Worker
      Date and time
      February 18, 2014, 5:03PM
      • bhp short already out of the money...ouch

        Commenter
        gee up
        Location
        the bank
        Date and time
        February 18, 2014, 4:46PM
        • "BHP made $5 billion worth of cost savings in 18 months"

          Sustainability is key...

          Commenter
          We shall see
          Date and time
          February 18, 2014, 5:01PM
      • "Japan's central bank says it will double incentives designed to spur bank lending, in an effort to maximize the impact of monetary stimulus measures aimed at defeating deflation, while keeping its main policy intact."

        Ding Dong

        Do try it

        Come again

        Enjoy!

        Commenter
        Growth
        Location
        in DEBT
        Date and time
        February 18, 2014, 4:41PM
        • Gold is a big chance to close in on $1350 tonight, lets see what transpires!

          Commenter
          Gold Balls
          Date and time
          February 18, 2014, 3:54PM
          • Yes it will be interesting to see how George Soros' comments and trades wash through money printing propped up equity markets.

            Commenter
            Gordon Akman
            Location
            Broadbeach
            Date and time
            February 18, 2014, 4:08PM
        • A bit of commentary about BDR today. @ Yin or yang, I think you are in for a big payday soon. Personally I get in and out pretty quick (just ask my missus), but this one is pretty special. I will be back in again this week or next when the dust settles. Stick with it!

          Commenter
          The Fireman
          Location
          NSW
          Date and time
          February 18, 2014, 3:50PM
          • Nikkei is up 3%...wow!

            Commenter
            Little Miss Sunshine
            Location
            Prahran
            Date and time
            February 18, 2014, 3:42PM
            • To bank my 17% on Alumina or not, that is the question. Hmm...

              Commenter
              Dave
              Location
              Brisvegas
              Date and time
              February 18, 2014, 3:18PM
              • Hope this volatility continues. It's almost getting back to May/June 2013 levels. Nice trades bouncing around all over the ASX.

                Commenter
                Range Trader
                Date and time
                February 18, 2014, 3:30PM
              • no brainer!

                Commenter
                Einstein
                Location
                Prahran
                Date and time
                February 18, 2014, 3:44PM
            • So much for it being a bad day!. Can't see a lot of downside in the ASX200. Still even for the day and the Shorter's cheer leader is salivating. Strange days indeed!

              Commenter
              Mister5100
              Date and time
              February 18, 2014, 3:15PM
              • I love days like today. Sold AWE and BDR yesterday for nice profits in less than a month. Knew this would happen with the US not being open last night. Meant we had 2 Mondays this week!!

                Commenter
                The Fireman
                Location
                NSW
                Date and time
                February 18, 2014, 3:11PM
                • Good timing! I sold my AWE last week for $1.32 and still hold BDR.

                  Commenter
                  Yin or yang
                  Date and time
                  February 18, 2014, 4:00PM
              • "Haven demand plays well when gold is cheap, but it’s no longer cheap,’’ says Justin Smirk

                Anyone else see Justin have a total melt down while speaking with Carson Scott on Fox Business the other week?

                Commenter
                Big Fan
                Date and time
                February 18, 2014, 3:04PM
                • Lots of comments on here and like many things we see the good, the bad and the ugly.

                  It is oft said that he who has the most to say usually has the least to offer. Might be just something in that for us all to digest!

                  Commenter
                  Xenaphon
                  Date and time
                  February 18, 2014, 3:04PM
                  • "ALCOA has announced it will permanently close its Point Henry aluminium smelter near Geelong in August, shedding almost 1000 jobs."

                    "McAleese will axe about 540 jobs"

                    "Forge Group losses at nearly 1500"

                    "Ford cuts 300 jobs at Geelong plant"

                    "About 250 jobs are believed to have been cut at Brisbane-based Arrow Energy"

                    Commenter
                    New house price boom?
                    Date and time
                    February 18, 2014, 2:48PM
                    • At this rate Tony Abbott's target of a million jobs will be reached in no time. This must be the fastest rate of job losses ever, except during the Depression. Now some of those aren't the govt's fault but they will have to hold themselves responsible if those people are still out of work in a year or so. The trouble is I can't see that the gov't I serious about job creation because that would mean taking money away from Royal Commissions,VIP jets, plum diplomatic posts for their mates and spending it on creating jobs.

                      Commenter
                      mitch of ACT
                      Date and time
                      February 18, 2014, 3:20PM
                    • mitch, put politics aside for a moment. Why is Brisbane more expensive than New York city? lol This country got out of hand. Plenty of blame to share around. We are now entering a phase that can be termed "reality" where the global financial system communicates to Australia that the days of tripling household debt and pouring it into nothing houses in nothing suburbs is over. People buy dog kennels for $500k then complain they can't afford, food, electricity and petrol. The joke is well and truly over.

                      Commenter
                      Politically Balanced
                      Date and time
                      February 18, 2014, 3:37PM
                  • Myer needs to come out and tell the market they are no longer interested in DJs or keep suffering getting shorted.

                    UBS increasing their holdings = more shares to be lent out.

                    Commenter
                    GS
                    Date and time
                    February 18, 2014, 2:42PM
                    • If I was a shorter i'd be looking at Transfield Services. Results next week, it's gonna be ugly I reckon. Even though their share price has already taken a pounding there are new depths to be plumbed.

                      Commenter
                      Grinch
                      Date and time
                      February 18, 2014, 2:40PM
                      • I guess a sobering thought is that with so many stocks hitting 52 week highs, such a day was inevitable. Tomorrow will be interesting to see if the bullish trend continues. The proof of the pudding will be in the eating at about 4 pm tomorrow!

                        Commenter
                        "P" Plater
                        Location
                        Tassie
                        Date and time
                        February 18, 2014, 2:39PM
                        • There goes another 540 jobs... Can we make 2000 by the end of the day?

                          Commenter
                          Fred
                          Date and time
                          February 18, 2014, 2:36PM
                          • Anyone got any thoughts on the LEI report tomorrow. Shares have been in downward trend for last few days.....

                            Commenter
                            RH
                            Date and time
                            February 18, 2014, 2:35PM
                            • Its anybodys guess. Monadelphous posted a better than expected result today so hopefully LEI can do the same but the recent selling has me a tad anxious.

                              Commenter
                              Grinch
                              Date and time
                              February 18, 2014, 3:05PM
                            • REsults at 1PM 20 Feb. I'm nervous. Hoping that the improving results in the sector carry through to LEI. Middle Eastern bad debt could unravel everything.

                              Commenter
                              Yin or yang
                              Date and time
                              February 18, 2014, 3:14PM
                          • I don't know about the markets running out of puff but the gold stock sellers seem to have come up for air after trying to outsell one another for the last 4 hours.
                            Cheers

                            Commenter
                            Optimist
                            Location
                            Hi Markets Live
                            Date and time
                            February 18, 2014, 2:34PM
                            • "Rally runs out of puff"

                              Hm.. what happened? Maybe ask Shane Oliver from AMP? While you're at it ask him what happened to the AMP share price that was $21.99 in 2001?

                              Commenter
                              Buy and hold forever
                              Date and time
                              February 18, 2014, 2:28PM
                              • "First Asciano, then McAleese. Can't wait for Paul Rowsthorn's next one. Shorrrt!" - Michael West

                                Ding Dong

                                Commenter
                                Bell Ringer
                                Date and time
                                February 18, 2014, 1:56PM
                                • "Sometimes when a child is being bullied, the only thing to do is change schools. I'm considering.
                                  Commenter
                                  Yin or yang
                                  Location
                                  Date and time
                                  February 18, 2014, 12:22PM"

                                  How was this not made the featured comment? It's easily the best comment of the day. A prize and praise should be lavished upon its author :)))

                                  Commenter
                                  Bell Ringer
                                  Date and time
                                  February 18, 2014, 1:44PM
                                  • What does it mean? Maybe the Ed's couldn't understand it either?

                                    Commenter
                                    JohnBB
                                    Date and time
                                    February 18, 2014, 2:30PM
                                  • @Ellen. I also hold BDR and agree that its fundamentals are very sound. It's making a solid profit at even US$1000 per ounce. But the share price does seem sluggish. It's hard to watch 10% jumps by much inferior companies. MIght be shorters but what can be done about that? Sometimes when a child is being bullied, the only thing to do is change schools. I'm considering.

                                    Commenter
                                    Yin or yang
                                    Date and time
                                    February 18, 2014, 1:22PM
                                • Ansell certainly has gotten slammed. I felt the results were pretty good, especially considering the share issue expansion to fund the Barriersafe purchase without it contributing to profits. But it did have a good run and its price was a little peaky so to be expected, I guess. Now when and at what price to top up my holding is the next question.

                                  Commenter
                                  Dave
                                  Location
                                  Brisvegas
                                  Date and time
                                  February 18, 2014, 1:12PM
                                  • Wasn't Manus a Labor initiative?

                                    Commenter
                                    Grinch
                                    Date and time
                                    February 18, 2014, 1:09PM
                                • The market only needs to go up by:

                                  ((6873 * 1.17 * 1.2)-5394)/5394

                                  = 79%

                                  and it's a new bull market!

                                  Hurrah!

                                  numpties

                                  Commenter
                                  Allan
                                  Location
                                  Prahran
                                  Date and time
                                  February 18, 2014, 1:09PM
                                  • Boring.

                                    Commenter
                                    Bored
                                    Location
                                    Prahran
                                    Date and time
                                    February 18, 2014, 1:31PM
                                  • Allan - your a very funny guy and not bad at math's either.

                                    Commenter
                                    Pete the Pom
                                    Location
                                    Melbourne
                                    Date and time
                                    February 18, 2014, 1:36PM
                                  • Alan, your maths might be correct.

                                    But, as an investor, all that I am concerned about is the TSR (Total Shareholder Return = the sum of dividends, imputation credits and changes in capital value) of each of the *individual* holdings in my portfolio.

                                    The numbers related to the various broad-based ASX indices are of no interest to me and I conjecture that the same is true of any other investor.

                                    Commenter
                                    Dr Kiwi
                                    Date and time
                                    February 18, 2014, 2:25PM
                                  • Well I look forward to it. We should be there in 2-3 years.......

                                    Commenter
                                    Life Is Good
                                    Location
                                    The Real World
                                    Date and time
                                    February 18, 2014, 2:29PM
                                  • If you bought most of the dogs in the index in 2007 no wonder you have to make 79% just to be square. Little wonder your so down on the world and whittle away hours with your tourettes induced posts.

                                    Commenter
                                    Billy Backdraft
                                    Location
                                    Prahran
                                    Date and time
                                    February 18, 2014, 2:33PM
                                  • I only love numbers. Just taking amphetamines now and working on the Erdős–Faber–Lovász conjecture.

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    February 18, 2014, 2:44PM
                                  • Ding Dong

                                    IPO

                                    Capital Raising

                                    Call the Administrators in

                                    Come again

                                    Cheerio

                                    Commenter
                                    Bell Ringer
                                    Date and time
                                    February 18, 2014, 3:09PM
                                  • Check the XJOAI

                                    Total return since the peak 7 years ago?

                                    ZERO

                                    he he....

                                    Commenter
                                    Allan
                                    Location
                                    Prahran
                                    Date and time
                                    February 18, 2014, 4:01PM
                                • There you go Baby
                                  Try it without your water wings,
                                  Pa will be back from vacation tomorrow, Demain

                                  Commenter
                                  stu
                                  Date and time
                                  February 18, 2014, 1:05PM
                                  • "The cost of debt has a large bearing on the capital gains you achieve in your investments." - Mark Bouris

                                    Commenter
                                    Head
                                    Location
                                    Patter
                                    Date and time
                                    February 18, 2014, 12:59PM
                                    • Renewable energy = expensive energy.
                                      If we set a high target,we will see more manufacturing businesses close their Australian operations,thereby putting more blue collar workers out of a job.
                                      Are these people just collateral damage in the pursuit of a dubious ideology?
                                      Don't we need to take advantage of Australia's competitive advantage,or do we just price our energy for the world market and let the people of Australia suffer the consequences?

                                      Commenter
                                      Chumlee
                                      Date and time
                                      February 18, 2014, 12:57PM
                                      • Unless, of course, those manufacturing businesses turn their hand to making the equipment to generate energy from renewable sources. Job opportunities galore there. How expensive do you think energy generation from conventional sources is going to become as local users have to compete on price with overseas users for gas. Once constructed renewable energy requires no fuel input other than a sunny or windy day.

                                        Commenter
                                        mitch of ACT
                                        Date and time
                                        February 18, 2014, 1:13PM
                                      • Duh... how much have solar panels dropped in price since manufacturing volumes have sky rocketed?

                                        Arctic see ice is growing rapidly!!!!!!

                                        Commenter
                                        Allan
                                        Location
                                        Prahran
                                        Date and time
                                        February 18, 2014, 1:24PM
                                      • And a radical thought for you. Some of those farms in trouble at the moment from drought on large flat expanses of land, lend themselves to the construction of solar farms. Some may even be suitable for wind farms. So they are still farms and as before nothing grows there but they return an income. Unfortunately do carry out projects like that requires a little imagination from this gov't to encourage investment. Imagination is something this gov't lacks.

                                        Commenter
                                        mitch of ACT
                                        Date and time
                                        February 18, 2014, 1:30PM
                                      • What competitive advantage?

                                        Commenter
                                        BigKev
                                        Location
                                        Caringbah,NSW
                                        Date and time
                                        February 18, 2014, 1:31PM
                                      • For a market to operate efficiently all the costs of production (including negative and positive externalities) need to be internalised with the price. The price for conventional fuels is inefficient because the costs of their externalities have been excluded from the price. We have produced and consumed far more power from conventional sources than is efficient, established an entire economy upon distorted price signals. We need to internalise externalities in the price and adjust.

                                        Commenter
                                        Dave
                                        Location
                                        Brisvegas
                                        Date and time
                                        February 18, 2014, 1:31PM
                                      • @Chumlee

                                        Surely even you would admit that Australia, as a vast, sunny, windy, mostly empty continent has significant natural advantages in the production of renewable energy?

                                        Surely we should be encouraging development in industries where we have a natural advantage.

                                        The price of renewable projects is artificially high because of the level of uncertainty around government policy in the area. If the science deniers would get out of the way and stop meddling the borrowing rates would fall substantially. This would drive down prices for end users.

                                        Not to mention that the price of renewable energy is declining rapidly at a time that the price of fossil fuels are rising.

                                        Fiddling with the RET makes no sense at all and if done in the absence of an examination of network prices and the impact of coming gas prices rises shows their concerns are not really lower prices for end users. So what is the real goal here?

                                        Commenter
                                        Jimmy
                                        Date and time
                                        February 18, 2014, 1:37PM
                                      • Uh what is "see ice" something you can visualise?

                                        Commenter
                                        Bert
                                        Date and time
                                        February 18, 2014, 1:43PM
                                      • How short sighted! And what competitive advantage? At least not in manufacturing/service/health sector. What we are (or should) talking about here is to pivot the nation’s infrastructure towards renewable energy, not replacing fossil right away. By making the hardware more compatible to renewable, we are surely set to gain from technology breakthrough, which history proves will definitely and inevitable come.

                                        Commenter
                                        Patrick & Loretta
                                        Location
                                        Melbourne
                                        Date and time
                                        February 18, 2014, 1:43PM
                                      • I'm all for renewable energy but better to deal with the reality rather than the rhetoric and dogma. Have a look at Spain Austria, Denmark etc with their wind energy in terms of input versus output and teh billions spent (from the EU pool of money of course) just to feel good.

                                        Also Canada.

                                        Solar panels are at best 20 % efficient. Millions of dollars spent with taxpayer money in US deserts to make solar panels viable. It didn't work which doesn't mean it wont work its just time when the sciences catches up.

                                        Why not debate reality and don't be afraid if the "fuzzy feeling " doesn't fit reality time to keep trying but not with MORE inefficient methods.

                                        Another point regarding Australia's ability to grow crops. It is only viable in coastal regions simply because of the ice age history of Europe versus Australia. Talk to some agronomists.

                                        Commenter
                                        Harry Rogers
                                        Date and time
                                        February 18, 2014, 2:51PM
                                      • @Harry, it's viable to grow crops anywhere in Australia where you have access to plentiful fresh water. Drove Canberra to Adelaide at Xmas. Farming country all the way, hundreds of miles from the coast. Grain crops, hay and grazing animals on the flat dryer land (they don't call it the Hay plain just because the town of Hay is on it.), then irrigated crops in the Riverland. It struck me that every piece of land that could be used was being used and was making big money for the growers. Now if there was coal under that land some polluting idiot would want to dig it all up.

                                        Commenter
                                        mitch of ACT
                                        Date and time
                                        February 18, 2014, 3:13PM
                                      • @Harry

                                        What is the relevance of the efficiency of solar panels?

                                        Coal power stations are only about 33 efficient.

                                        Fossil fuel plants are a mature technology. Of course they are going to be more cost effective for now. The time is coming though when renewable will be cheaper.

                                        Commenter
                                        Jimmy
                                        Date and time
                                        February 18, 2014, 3:26PM
                                      • Mitch
                                        "it's viable to grow crops anywhere in Australia where you have access to plentiful fresh water."

                                        Have a look at the income per hectare in Australia compared to the fertility in Europe. (viz economic viability)

                                        What you say is not true its to do with soil fertility and the age of the continent. Talk to a farmer. Debate it elsewhere.

                                        Jimmy

                                        Open your mind please. 33% is better than 20% why talk about viability and fuzzy feelings if people are not serious about achieving best outcomes.

                                        "The time is coming though when renewable will be cheaper."

                                        I could equally say that time is coming when coal will be cleaner ...doesnt mean a thing.

                                        With due respect these sort of statements are best left to rhetoric I'm asking people to deal with reality.

                                        Commenter
                                        Harry Rogers
                                        Date and time
                                        February 18, 2014, 3:39PM
                                      • BigKev we had/have a competitive advantage in so far as our land has abundant natural energy sources. It seems we are ignoring this fact and charging ourselves world market prices. Why?
                                        Even though our climate suits renewable energy technology it is still extremely expensive.If we continue on this path I expect manufacturing is doomed,we will import almost everything and we will all have less money to spend on other things that would have generated more jobs and enabled the poor to live a decent life.

                                        Commenter
                                        Chumlee
                                        Date and time
                                        February 18, 2014, 3:52PM
                                      • Open my mind?

                                        You do not have the faintest clue what the efficiency means in this context, do you? It is completely worthless as a comparison other than for comparing solar panels against each other.

                                        Nuclear reactors are less than 1% efficient. Should we abolish the nuclear industry?

                                        No, you couldn't say that.
                                        Despite the fact that billions of dollars have been poured into it, clean coal has never been shown to work in a real world setting. The fact that it will take around 30% of the embedded energy to dispose of the CO2 leads me to believe it will never work. But I would love to be proved wrong.

                                        On the other hand every year coal power becomes more expensive and renewables become cheaper. It's inevitable they will cross over.

                                        Commenter
                                        Jimmy
                                        Date and time
                                        February 18, 2014, 3:53PM
                                      • Mitch,projects like that require more than just imagination from our politicians,they require massive taxpayer subsidies and the massive consequential opportunity costs that go along with that.

                                        Commenter
                                        Chumlee
                                        Date and time
                                        February 18, 2014, 4:19PM
                                      • Jimmy
                                        "On the other hand every year coal power becomes more expensive and renewables become cheaper. It's inevitable they will cross over"

                                        Ok Jimmy you win ..silly of me to consider some lateral thought. Cheers

                                        Commenter
                                        Harry Rogers
                                        Date and time
                                        February 18, 2014, 4:46PM
                                      • Eh?
                                        I don't understand.

                                        And I pity you if your idea of lateral thought is we should only do what we have always done because that's the only way that has been shown to work.

                                        To me that seems like the opposite of lateral thinking.

                                        Commenter
                                        Jimmy
                                        Date and time
                                        February 18, 2014, 5:00PM
                                    • Who is Allan? is he a well respected member of this forum?
                                      cheers all.

                                      Commenter
                                      Newbie
                                      Location
                                      SA
                                      Date and time
                                      February 18, 2014, 12:56PM
                                      • You're fascinated with him. Isn't that enough? he he....

                                        Commenter
                                        Angry ant
                                        Date and time
                                        February 18, 2014, 1:15PM
                                      • Perhaps the only member exhibiting a rare & unique genetic strand...Sanity.

                                        Some members may need long professional medical (and some financial) assistance.

                                        *many others are beyond help.

                                        Commenter
                                        Medic
                                        Location
                                        Sydney
                                        Date and time
                                        February 18, 2014, 1:17PM
                                      • sounds like he really knows his stuff.

                                        Commenter
                                        Newbie
                                        Location
                                        SA
                                        Date and time
                                        February 18, 2014, 1:24PM
                                      • Somebody who is not respected but likes you to read his endless reams of stuff and who has been a prophet of doom for at least the last 5 years. By the number of comments you will see that he owns this bit of space and makes sure that everyone knows. He lives in a double fronted Victorian in Prahran, with pool out back and has a couple of kids and lives approx 10 minutes walk from the shops and beach. If I've got it wrong he is sure to respond with something like "thanks for being a fan" Good luck!

                                        Commenter
                                        PDJ
                                        Location
                                        Down Under
                                        Date and time
                                        February 18, 2014, 1:29PM
                                      • He's the Constance E Little of this forum!!

                                        He's part trader, part troll.

                                        Actually, his real skill is getting under people's skin! :-)

                                        Commenter
                                        Life Is Good
                                        Location
                                        The Real World
                                        Date and time
                                        February 18, 2014, 2:38PM
                                      • Correctamundo!

                                        Commenter
                                        Allan
                                        Location
                                        Prahran
                                        Date and time
                                        February 18, 2014, 2:40PM
                                    • Craig Thomson: "I did have sex with that woman!"

                                      Labor and the unions are a basket case.

                                      Their punish is Tony and the Tories.

                                      Commenter
                                      Allan
                                      Location
                                      Prahran
                                      Date and time
                                      February 18, 2014, 12:52PM
                                      • If only Craig would have quoted Clinton....

                                        "I did not have any........
                                        then again, it's Craig, perhaps doesn't even know which continent he's on.

                                        Commenter
                                        Lawyer
                                        Location
                                        Sydney
                                        Date and time
                                        February 18, 2014, 1:21PM
                                      • Why so bitter about BDR Al, you miss getting them on the last dip, need to more savvy about buying and selling. BDR is one gold stock that I am happy to ride the swings with. Not only that I always keep half my holdings and trade the rest. You don't understand how good this stock is . Check it out for yourself, I guarantee you will like what you read and because of its high profile it is targeted by shorters. I am anticipating it will zoom when the short squeeze commences.

                                        Commenter
                                        Ellen
                                        Location
                                        Prahran
                                        Date and time
                                        February 18, 2014, 12:46PM
                                    • Yes turn this site into a popularity contest with the perma bulls bullying anyone who doesn't parrot the perma bull hymn lines lol You already post the lowest common denominator comments from alfa et al. Wall Street Journal get my money because they produce a good product. If you think people like me and my income bracket will pay a subscription for you to publish alfa like comments then have all the angry perma bull dunces click "like" maybe your share price will return to 45 cents? Enjoy!

                                      CommenterFairfaxLocationwas a 45 cent stockDate and timeFebruary 18, 2014, 12:07PM

                                      Hehe! Big Al in yet another of your many guises. Methinks you are quite worried about these 'discussions' because all will know just how unpopular your chest beating, dismissive, arrogant comments are. Hubris is very distasteful at the best of times but when displayed by someone whose posts clearly indicate he has NOTHING to be arrogant about, well then it just beggars belief. It's a great psychological crutch for deep seated feelings of inadequacy though.

                                      Enjoy!

                                      Hehe!

                                      Yikes look out below!

                                      Thanks for playing!

                                      Commenter
                                      Parrot
                                      Location
                                      Prahran
                                      Date and time
                                      February 18, 2014, 12:41PM
                                        • Sounds like you think popularity is a good thing. Poor darling.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          February 18, 2014, 1:14PM
                                      • Australand shouldn't feel too bad. They're only 50% lower than they were 17 years ago.

                                        Housing boom!

                                        Commenter
                                        Allan
                                        Location
                                        Prahran
                                        Date and time
                                        February 18, 2014, 12:40PM
                                        • Whats your point?

                                          Commenter
                                          Confused
                                          Location
                                          Prahran
                                          Date and time
                                          February 18, 2014, 1:38PM
                                        • I owned CBA and BHP way back then, Al, and still do. They look pretty good to me right now. Perhaps you are a little too close to the figures, sometimes.

                                          Commenter
                                          Panhandler
                                          Date and time
                                          February 18, 2014, 2:57PM
                                      • Anyone agree that the market has got too excited by MND's half yearly results? EPS and DPS are both down. I guess it goes to expectations in that sector.

                                        Commenter
                                        Yin or yang
                                        Date and time
                                        February 18, 2014, 12:36PM
                                        • forecast eps any good?

                                          Commenter
                                          mushy
                                          Date and time
                                          February 18, 2014, 1:19PM
                                        • @mushy. I dont think they have made eps projections but have stated "2014 revenue moderating from its historical peak and expected to decline by 10%". I'm not claiming they are bad results just the 8% SP jump seems an overreaction.

                                          Commenter
                                          Yin or yang
                                          Date and time
                                          February 18, 2014, 1:50PM
                                        • Seems the sell down leading into the H1 results was too much. Still thinking of buying some about $16.50. 60c ff div is good. Slight decline was expected and already priced in...? Wished I bought at $15 grrr.

                                          Commenter
                                          micha
                                          Location
                                          the couch
                                          Date and time
                                          February 18, 2014, 3:18PM
                                        • 9.5% increase on those results? I'd expect a bit of a slide in the next week but wont hit $15, IMO. .

                                          Commenter
                                          Yin or yang
                                          Date and time
                                          February 18, 2014, 4:03PM
                                      • "RBA rules out future rate relief"

                                        Housing boom!

                                        Commenter
                                        Allan
                                        Location
                                        Prahran
                                        Date and time
                                        February 18, 2014, 12:35PM
                                        • new to this game, shouldn't we see a drop in the asx on the back of this?

                                          Commenter
                                          Ted
                                          Location
                                          Hawthorn
                                          Date and time
                                          February 18, 2014, 2:41PM
                                      • haven't heard from the clown who was spruiking SBM yesterday, what a dud stock!

                                        Commenter
                                        Gold Balls
                                        Date and time
                                        February 18, 2014, 12:35PM
                                        • "One person dead, others seriously injured during violent Manus Island clashes"

                                          Tony and Scott will be up on charges for crimes against humanity.

                                          Burning hands and burning ears.

                                          Commenter
                                          Allan
                                          Location
                                          Prahran
                                          Date and time
                                          February 18, 2014, 12:33PM
                                          • Wasn't Manus a Labor initiative?

                                            Commenter
                                            Grinch
                                            Date and time
                                            February 18, 2014, 1:09PM
                                        • "Bonds parent company Pacific Brands suffers $219 million loss"

                                          Commenter
                                          Ding Dong
                                          Date and time
                                          February 18, 2014, 12:22PM
                                            • Maybe Aussies took pride in wearing Australian made undies.
                                              Retail rebellion.

                                              Commenter
                                              Kerry
                                              Date and time
                                              February 18, 2014, 1:38PM
                                          • I see the Nikkei doesn't need a lead from US, up 1.34%, funny that!

                                            Commenter
                                            Gordon Bleu
                                            Location
                                            Prahran
                                            Date and time
                                            February 18, 2014, 12:22PM
                                            • "Amid the doom and gloom"

                                              Doom and gloom? Not from where I'm sitting.

                                              Shorters picnic!

                                              ROFLMAO!

                                              Commenter
                                              Allan
                                              Location
                                              Prahran
                                              Date and time
                                              February 18, 2014, 12:22PM
                                              • "The expectations of rising interest rates in developed countries after years of ultra-loose monetary policy has sparked concerns that a possible stifling of growth in emerging markets could slow Australia's non-mining economic recovery."

                                                Housing boom!

                                                Commenter
                                                Allan
                                                Location
                                                Prahran
                                                Date and time
                                                February 18, 2014, 12:14PM
                                                • Add to BHP short 38.80. Gift.

                                                  Sorry pollyannas. He he...

                                                  Commenter
                                                  Allan
                                                  Location
                                                  Prahran
                                                  Date and time
                                                  February 18, 2014, 12:13PM
                                                  • I see more pain ahead for you on that call

                                                    Commenter
                                                    Gee up
                                                    Date and time
                                                    February 18, 2014, 12:40PM
                                                  • Then how come you're the one hurting? Ha ha ha ha...

                                                    Commenter
                                                    Allan
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 18, 2014, 1:16PM
                                                • Have you ladies nothing better to do than admire me all day long? He he....

                                                  Housing boom!

                                                  Commenter
                                                  Allan
                                                  Location
                                                  Prahran
                                                  Date and time
                                                  February 18, 2014, 12:07PM
                                                  • Your comments take up most of this thread... Your a pest! He he... stop getting so worked up. He he.... Your a gift!

                                                    Commenter
                                                    Pest Control
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 18, 2014, 12:44PM
                                                  • aw sob sob!

                                                    enjoy!

                                                    Commenter
                                                    Parrot
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 18, 2014, 12:59PM
                                                  • "Admire" and "laugh at" are not interchangeable terms, mate.

                                                    Commenter
                                                    Common_Sense
                                                    Date and time
                                                    February 18, 2014, 1:02PM
                                                  • admire? no.

                                                    Commenter
                                                    Wwwish Lion
                                                    Location
                                                    Melbourne
                                                    Date and time
                                                    February 18, 2014, 1:03PM
                                                  • Three numpties. Score!

                                                    Thanks ladies.

                                                    Commenter
                                                    Allan
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 18, 2014, 1:28PM
                                                • A known unknown in the Troppo Blogosphere is the rewards of a successful investment in education.
                                                  It has the amazing ability to anticipate stupidity.

                                                  Commenter
                                                  Geronimo
                                                  Location
                                                  Yippee Yi Yo
                                                  Date and time
                                                  February 18, 2014, 12:05PM
                                                  • "Climate sceptic Dick Warburton to head Tony Abbott review into renewable energy target"

                                                    Dumping in the Great Barrier Reef
                                                    Unprotecting Tasmanian Forests
                                                    Lowering emission targets

                                                    Tony & The Environmental Vandals are all slapping each other on the back "Up you Australia!"

                                                    Commenter
                                                    Allan
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    February 18, 2014, 12:03PM
                                                      • What a joke!

                                                        And what a perfect example of government waste. Spending money on a report that we already know the result of. Ostriches paying an ostrich to write propaganda.

                                                        Commenter
                                                        Fred
                                                        Date and time
                                                        February 18, 2014, 12:39PM
                                                      • I suppose I should offload my GDY shares, promising geothermal energy will go nowhere under Abbott

                                                        Commenter
                                                        Fred
                                                        Date and time
                                                        February 18, 2014, 2:29PM
                                                    • So what news is in the air for KCN to be down over 6% on last nights close.
                                                      Profit taking on the 10% previous days surge, or ... (as is typical) is there news on the wind that those in the know are trading on?

                                                      Commenter
                                                      Joe the POM
                                                      Location
                                                      Geelong
                                                      Date and time
                                                      February 18, 2014, 11:59AM
                                                      • It was up 11.5% yesterday alone. You should be thankful if you got on anywhere near the lows and be glad you didn't buy the perennial dud BDR spruiked by many Australian brokers.

                                                        Commenter
                                                        Gordon Akman
                                                        Location
                                                        Broadbeach
                                                        Date and time
                                                        February 18, 2014, 12:08PM
                                                      • Is it a Buy ?

                                                        Commenter
                                                        Ronn
                                                        Location
                                                        Sydney
                                                        Date and time
                                                        February 18, 2014, 12:32PM
                                                      • Fairly ordinary (IMO) 1H14 financial results and gold stocks are all having a rest.

                                                        Commenter
                                                        Yin or yang
                                                        Date and time
                                                        February 18, 2014, 12:33PM
                                                    • RCR stellar 1H results. Good leadership and a full jobs list for the next couple of years.

                                                      Commenter
                                                      JC
                                                      Date and time
                                                      February 18, 2014, 11:53AM
                                                      • Bye Alcoa.

                                                        Housing boom! He he...

                                                        Commenter
                                                        Allan
                                                        Location
                                                        Prahran
                                                        Date and time
                                                        February 18, 2014, 11:52AM
                                                        • All sacked workers from Alcoa, Toyota, Holden and many more must get together, form a group to be re-educated in....Real Estate Speculation, FX speculation, Stock trading, Bank dividend play, and so much more....This country has so much hope and bright future for all....Speculate on everything and prosper. Don't get your hands dirty...time to change...time to Speculate. Sydney will become the new London.

                                                          Commenter
                                                          Unemployed Assistance
                                                          Location
                                                          Sydney
                                                          Date and time
                                                          February 18, 2014, 12:13PM
                                                        • They'll be fine.
                                                          All they need is a no deposit, 40 year, 100% home loan to purchase a investment property.
                                                          Money in the bank!

                                                          Commenter
                                                          Kerry
                                                          Date and time
                                                          February 18, 2014, 1:42PM
                                                      • To be a day trader your looking at atleast 20,000 grand to start with right, other wise brokerage costs make the small gains not worth the while?

                                                        Commenter
                                                        Ryan
                                                        Date and time
                                                        February 18, 2014, 11:51AM
                                                        • Allan has $8.20 and considers himself a trader.

                                                          Commenter
                                                          Tim
                                                          Date and time
                                                          February 18, 2014, 12:12PM
                                                        • Timmy you're adorable, here I've mentioned you in a post so that should help with your social phobias.

                                                          Commenter
                                                          Allan
                                                          Location
                                                          Prahran
                                                          Date and time
                                                          February 18, 2014, 12:24PM
                                                        • Starting with sarcasm: How about you take it out and blow it all on the nags or get your friend round and have a bonfire. Or put them in the oven and watch them shrink? All probably more enjoyable and better uses for your money than starting day trading. Now, day-traders start with no holdings in the morning and have sold their purchases that by the end of trade. The margins are small, ans so brokerage eats your profits and expands your losses markedly. Plus unless you have a night job or rich provider, you will be a trader, who holds their shares longer. Who has the luxury of choosing purchases or sales in the evening and aims for higher returns, so brokerage is a small fraction. Now with $15 trades even holdings of a few grand are easily profitable. My suggestion, keep your capital, paper trade for a year or two, refine and practice and learn. And only if consistently profitable then throw your money in for real.

                                                          Commenter
                                                          Dave
                                                          Date and time
                                                          February 18, 2014, 12:29PM
                                                        • wrong, you need 300k to make a living
                                                          GUPPY writes some good stuff for beginners
                                                          I have been at this for 12 years, I am still a Newbie and I paid out 6k brokerage last 12 months which pays for half a first class fair for Aunty Gail to jet to London or Bruxelles

                                                          Commenter
                                                          stu
                                                          Date and time
                                                          February 18, 2014, 1:56PM
                                                        • I day-trade with only one or two stocks that are good companies that I wouldn't mind if I had to hold them longer term if the price went against me. At the moment one has a price of approx. $3 and has a reasonably consistent daily price range of 3 to 5c. I usually trade parcels of $10-20k. The other company has a price around $17 and a daily range of 20-30c. For this I trade parcels of $50-100k. The profit margins are very low but worthwhile. If I sell by the end of the next trading day I don't even have to stump up the cost!

                                                          Commenter
                                                          Buff
                                                          Location
                                                          Sydney
                                                          Date and time
                                                          February 18, 2014, 4:13PM
                                                      • @reopman, mate, your comment is offensive. What dont you understand about natural disasters? This drought is one of them along with fires and floods. We tend to throw money at those disasters so why not a prolonged drought.As a farmer in Mudgee I have never received any handout and just this morning have spent another $500 buying feed for lambs. I absolutely agree that unprofitable farms should not be propped up. Note to editor, to have this appear as the featured comment is testament to your insular city lifestyle. Remember that when you tuck into your next leg of lamb.

                                                        Commenter
                                                        Kahboom
                                                        Location
                                                        Mudgee
                                                        Date and time
                                                        February 18, 2014, 11:49AM
                                                        • Its a tough one. If the government is going to bail out anyone you'd think it would be food producers. But where does it stop.

                                                          Commenter
                                                          Ryan
                                                          Date and time
                                                          February 18, 2014, 12:57PM
                                                      • Bit rich for Hockey to call *anyone* a gorilla.

                                                        Commenter
                                                        Green Sheep
                                                        Location
                                                        treetops
                                                        Date and time
                                                        February 18, 2014, 11:29AM
                                                        • Did anyone notice Allan posting post after post yesterday afternoon? was this a gift? ...from Allan he he (translation= sob sob). Could he have been depressed and drunk from all his bad gifts?

                                                          Commenter
                                                          Inquisitor
                                                          Location
                                                          Long
                                                          Date and time
                                                          February 18, 2014, 11:27AM
                                                          • Upset much? He he thanks for being a fan and reading all my posts.

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 11:59AM
                                                          • thanks for reading mine he he... upset much?

                                                            Commenter
                                                            Inquistor
                                                            Location
                                                            Long
                                                            Date and time
                                                            February 18, 2014, 12:14PM
                                                          • hehe numpty from prahran is an angry boy between 4..4.30pm

                                                            Commenter
                                                            Jack N.
                                                            Location
                                                            you cant handle the truth
                                                            Date and time
                                                            February 18, 2014, 12:29PM
                                                          • Not at all. I like it when you talk about me darls. He he.... kiss kiss.

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 12:34PM
                                                          • Hard not to read your posts mate, you are everywhere with nothing to contribute

                                                            Commenter
                                                            Tex
                                                            Location
                                                            Lancelin
                                                            Date and time
                                                            February 18, 2014, 1:05PM
                                                        • Does Allan the gift reciever still hold BOQ? Going long on this short Al? he he... or did you stop out at a loss? Just asking don't get shirty with me. Interesting observing your bravado while the market is down, when the market is up its the 'dairy of a whimpy kid' hehe just sayin

                                                          Commenter
                                                          Inquisitor
                                                          Location
                                                          Long
                                                          Date and time
                                                          February 18, 2014, 11:20AM
                                                          • Aww... sob sob.

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 12:05PM
                                                          • Meow!

                                                            Commenter
                                                            Kerry
                                                            Date and time
                                                            February 18, 2014, 1:45PM
                                                        • Very weird market moves today. Long flat line in the gold price - maybe a MASSIVE deal went through? Aussie gold miners open high, crash i.e. KCN from $1.625 to $1.37 and now moving back up. ASX 200 opens high then crashes. Dunno what's going on today. Maybe huge orders going through after old Georgie boys comments/trades?

                                                          Commenter
                                                          George Soros
                                                          Location
                                                          Student
                                                          Date and time
                                                          February 18, 2014, 11:18AM
                                                          • No! I saw that as well, it was just a temporary chart malfunction

                                                            Commenter
                                                            Gold Ballas
                                                            Date and time
                                                            February 18, 2014, 11:26AM
                                                          • unfortunately they have sent out their half year report...and its not super good so as usual KCN takes a big beating

                                                            Commenter
                                                            jerkygirl
                                                            Location
                                                            melbs
                                                            Date and time
                                                            February 18, 2014, 11:48AM
                                                          • @jerkygirl remember when you were worried owning it at like $1.80 or something last year and then it bounced back to $2.80? Remember?

                                                            Commenter
                                                            Gordon Akman
                                                            Location
                                                            Broadbeach
                                                            Date and time
                                                            February 18, 2014, 12:10PM
                                                          • KCN report is not super good? Everything stated in that report was as per my expectation if not slightly better. Wouldn't mind your insight to the report...

                                                            Commenter
                                                            NSC
                                                            Date and time
                                                            February 18, 2014, 1:14PM
                                                          • Hey GA

                                                            Im in since Augustish last year at 2.18...right before gold took a massive dive. Holding now in the hope she'll at least get back to 3.00 sometime this milenium

                                                            Commenter
                                                            jekygirl
                                                            Location
                                                            melbs
                                                            Date and time
                                                            February 18, 2014, 1:16PM
                                                          • @NCR
                                                            if you look closely, it seems the market never likes a release from KCN always go down when there is a release. I have been watching them only 12months or so and this is apparent since I actually think their results arent too bad, all things considered

                                                            Commenter
                                                            jekygirl
                                                            Location
                                                            melbs
                                                            Date and time
                                                            February 18, 2014, 1:27PM
                                                          • @NSA yeah I'm not worried at all. I read the report/results and nothing shocking to me. This is a stock that was $11.60 not that long ago and fell to 85 cents lol so surprise surprise everything isn't going perfect. But it's worth these current prices imo and there's much more upside then downside risk at these prices with gold stabilising and perking up a bit. As you know it was up 11.5% yesterday so it could be down 11.5% today and be even for the week. Gold is on an uptrend off the lows and so is the KCN share price. This stock is a trader's delight.

                                                            Commenter
                                                            Gordon Akman
                                                            Location
                                                            Broadbeach
                                                            Date and time
                                                            February 18, 2014, 1:29PM
                                                          • I believe todays sell off is purely profit taking by those who jumped in late and held for short term. Mgt seem to be taking the right steps and while they produce their forecast ounces and reduce costs I am happy. Tbh I am quite excited around their silver projects and look forward to seeing these.
                                                            Have to agree - this stock is a traders delight. Pick the right price and you'll make 10x bank interest in a month!

                                                            Commenter
                                                            NSC
                                                            Date and time
                                                            February 18, 2014, 1:42PM
                                                          • Traders delight? Those words get me very nervous.

                                                            Commenter
                                                            Yin or yang
                                                            Date and time
                                                            February 18, 2014, 2:38PM
                                                          • "Traders delight? Those words get me very nervous."

                                                            You get nervous about other people trading gold mining stocks? That's pretty weird man.

                                                            Commenter
                                                            Gordon Akman
                                                            Location
                                                            Broadbeach
                                                            Date and time
                                                            February 18, 2014, 3:42PM
                                                        • I guess today I've inadvertently become a "long-term" CCL shareholder.

                                                          *SIGH*

                                                          Commenter
                                                          GS
                                                          Date and time
                                                          February 18, 2014, 11:18AM
                                                          • Well the incoming CEO has already started hacking senior management. Shareholders will get some pain when their payout amounts are disclosed.. Who said the entitlement mentality is only limited to the poor.

                                                            Commenter
                                                            Ronn
                                                            Location
                                                            Sydney
                                                            Date and time
                                                            February 18, 2014, 12:26PM
                                                        • has the housing bubble burst yet ?

                                                          Commenter
                                                          Hugo
                                                          Date and time
                                                          February 18, 2014, 11:18AM
                                                          • It will, it will...patience I keep telling you. A bit of patience and you'll pick a property around 20% of today's values....even less in some parts. Get a tea and sit back...it's coming.

                                                            Commenter
                                                            Real Estate agent
                                                            Location
                                                            Sydney
                                                            Date and time
                                                            February 18, 2014, 11:40AM
                                                          • It's clearly got you worried. He he....

                                                            Amazing how insecure you are. ROFLMAO!

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 12:11PM
                                                          • @Allan. So no. I'll try again tomorrow.

                                                            Commenter
                                                            Hugo
                                                            Date and time
                                                            February 18, 2014, 1:07PM
                                                        • Ed's - Can you add a 'like' & 'unlike' button in the comments section as well just as you have it on the live page ?? You will then def. get a confirmation on how many people 'like' the 'parrots' from Prahran & ACT amongst others :)

                                                          EDs: Great idea. The good news is there are already "discussions" taking place about adding this functionality, so hopefully we will see it in the not-so-distant future.

                                                          Commenter
                                                          Clueless
                                                          Location
                                                          Wonderland
                                                          Date and time
                                                          February 18, 2014, 11:15AM
                                                          • Ah, yes, discussions. Let's hope they are more civilised than some of the acerbic exchanges that find their way onto this forum. I'm not sure "like" or "dislike" will help.

                                                            Commenter
                                                            Panhandler
                                                            Date and time
                                                            February 18, 2014, 11:38AM
                                                          • Yes, it must be galling for some to have it pointed out to them how easily they were conned by this "no surprises, no excuses, no broken promises, on a unity ticket with Labor" gov't. Oh well. Live and learn.

                                                            Commenter
                                                            mitch of ACT
                                                            Date and time
                                                            February 18, 2014, 11:42AM
                                                          • Yes turn this site into a popularity contest with the perma bulls bullying anyone who doesn't parrot the perma bull hymn lines lol You already post the lowest common denominator comments from alfa et al. Wall Street Journal get my money because they produce a good product. If you think people like me and my income bracket will pay a subscription for you to publish alfa like comments then have all the angry perma bull dunces click "like" maybe your share price will return to 45 cents? Enjoy!

                                                            Commenter
                                                            Fairfax
                                                            Location
                                                            was a 45 cent stock
                                                            Date and time
                                                            February 18, 2014, 12:07PM
                                                          • Excellent idea. It will only emphasise how wrong the pollyannas are.

                                                            Market back to 2005 Levels.

                                                            Hurrah!

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 12:09PM
                                                          • This forum is a go to site for anyone who wants a truly representative cross section of Australias' public views . What a mixed bunch and rightly so because its this very diversity of people who are investing in the stock market and these are the opinions they find important...no matter what anyone thinks of them. Gone are the days of finance as dry bone rhetoric, SMH has hit a winner here FINANCE IS ENTERTAINMENT, investing is game so it may as well be colourful and even...God forbid...fun. Well done editors; don't change a thing or you will lose your mojo.

                                                            Commenter
                                                            repoman
                                                            Location
                                                            Dorrigo NSW
                                                            Date and time
                                                            February 18, 2014, 4:28PM
                                                        • We see Allan has taken to posting after close of business, now that IS a gift!

                                                          Commenter
                                                          Polly & Anna
                                                          Location
                                                          Prahran
                                                          Date and time
                                                          February 18, 2014, 11:14AM
                                                          • Aww... sob sob.

                                                            Commenter
                                                            Allan
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 11:51AM
                                                        • I saw a post here yesterday but much too late to answer, asking about KCN's surge and not understanding it and whether to buy or not to buy. Well, I hope you didn't. When you don't understand, don't buy.

                                                          Commenter
                                                          Catch 22
                                                          Date and time
                                                          February 18, 2014, 11:11AM
                                                          • I would think this would be a prime opportunity to pick up a parcel if you:
                                                            A - think gold will continue to rise
                                                            B - think silver will continue to rise
                                                            C - think KCN will continue to mine its projected totals
                                                            D - think KCN will continue to reduce costs on Challenger.
                                                            E - its projected future mines go through as per expectation and on time.

                                                            Commenter
                                                            NSC
                                                            Date and time
                                                            February 18, 2014, 1:17PM
                                                        • Another great buying opportunity day, buy on the dips!

                                                          Commenter
                                                          Little Miss Sunshine
                                                          Location
                                                          Prahran
                                                          Date and time
                                                          February 18, 2014, 11:10AM
                                                          • But remember that there are some dips that are better left alone.

                                                            Commenter
                                                            mitch of ACT
                                                            Date and time
                                                            February 18, 2014, 11:15AM
                                                          • The ones I see going down look scary..

                                                            Commenter
                                                            GrimReaper
                                                            Date and time
                                                            February 18, 2014, 11:22AM
                                                          • I love it! Best way to make money!

                                                            Certainly beats the crap out of trying to guess shorts. I have seen the carnage even the best Shorter has suffered!

                                                            Commenter
                                                            Little Miss Sunshine
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 11:43AM
                                                        • Hey Allan, how's that MMS short @ 11.20 going?

                                                          Gift.

                                                          Commenter
                                                          Common_Sense
                                                          Date and time
                                                          February 18, 2014, 11:06AM
                                                            • Funny you should mention that @C_S, I bought for @$11.00, hugely oversold. I am afraid the guru's 100% success rate will be tested with this one!

                                                              Commenter
                                                              Gerry Attrick
                                                              Location
                                                              ACT
                                                              Date and time
                                                              February 18, 2014, 11:19AM
                                                            • Aww.. you missed the previous 2 shorts did you? Wake up Australia..... he he...

                                                              Commenter
                                                              Allan
                                                              Location
                                                              Prahran
                                                              Date and time
                                                              February 18, 2014, 12:18PM
                                                            • We're those previous 2 shorts bbg and mqg??
                                                              Roflmao

                                                              Commenter
                                                              Gee up
                                                              Date and time
                                                              February 18, 2014, 12:42PM
                                                            • 63c 63c 63c

                                                              crickets....

                                                              Commenter
                                                              Allan
                                                              Location
                                                              Prahran
                                                              Date and time
                                                              February 18, 2014, 1:26PM
                                                          • Is that a gorilla in the photo? Oh, sorry, I thought it was Joe Hockey.

                                                            Commenter
                                                            Gordon Gekko
                                                            Location
                                                            Greg Coffey World
                                                            Date and time
                                                            February 18, 2014, 11:06AM
                                                            • No, you're correct, it is him...he's getting to know how to play the (political) ropes...

                                                              Commenter
                                                              Zoo Keeper
                                                              Location
                                                              Sydney
                                                              Date and time
                                                              February 18, 2014, 11:24AM
                                                          • Hate to harp on it, however I did indicate that today will be a nothing day without leads from the mighty US of A. Thought someone said the ASX would kick butt again today. Need some experience before you get too excited about our minnow market

                                                            Commenter
                                                            Gordon Bleu
                                                            Location
                                                            Prahran
                                                            Date and time
                                                            February 18, 2014, 10:59AM
                                                            • Straight up then straight down again,oh thats right we have no lead from wall st...what to do...help.round we go again.

                                                              Commenter
                                                              BearShapedBull
                                                              Location
                                                              MugPunters Lounge
                                                              Date and time
                                                              February 18, 2014, 10:54AM
                                                              • Whilst QAN has suffered and continues to suffer under very poor management for many years but still
                                                                survived due to government subsidy (in the past all govt fares went to QAN internationally and most domestic), and monopolistic positions, Branson's full page ad is dupicitious and hypocritical when one looks at his rail business in the UK.

                                                                It seems endemic in rich people that they start off with high ideals (remember Google "do no evil") and as the wealth increases their morals and tenets decline inversely. They then convince themselves that they really are good guys (the incurable disease of narcissism). The only one that seems to have tried to break this mould is Bill Gates.

                                                                By all means subsidise farmers and food producers ,this is a lesson learnt many many times throughout history, but I cant think of a single reason why we should subsidise an airline apart from regional costs like we subsidise Telstra to deliver quality communications to the bush.

                                                                Commenter
                                                                Harry Rogers
                                                                Date and time
                                                                February 18, 2014, 10:53AM
                                                                • "Today we have a jobs crisis."

                                                                  Better go out and buy some more "Do her upper" properties at record prices with debt. What could possibly go wrong?

                                                                  Commenter
                                                                  Ding Dong
                                                                  Date and time
                                                                  February 18, 2014, 10:52AM
                                                                  • Jobs crisis? who care about jobs? who are the people doing these things called...jobs? Is it something to do with Steve and Apple?

                                                                    We have Banks and we have Real Estate...enough said; buy, sell, spit and repeat.

                                                                    Commenter
                                                                    Capitalist
                                                                    Location
                                                                    Sydney
                                                                    Date and time
                                                                    February 18, 2014, 11:16AM
                                                                • Spot gold at US$1331 continuing its best run in years lol It sure pays to be contrary!

                                                                  Commenter
                                                                  Bell Ringer
                                                                  Date and time
                                                                  February 18, 2014, 10:48AM
                                                                  • Would just like to thank Allan.
                                                                    He shorted mqg when i said to buy at $48, he again added to his shorts the other day at about $53, with that i added to my long.. Current price $56.20
                                                                    Thank you allan.
                                                                    Bbg short @62c...they wont last...
                                                                    he he
                                                                    and yes before you say it, i did miss all your "winners" because without confirmation notes, they are just pipe dreams....

                                                                    Commenter
                                                                    Gee up
                                                                    Location
                                                                    the bank
                                                                    Date and time
                                                                    February 18, 2014, 10:48AM
                                                                    • I think the safest bet is against Allan. He says sell, you buy. It's working for me!

                                                                      Commenter
                                                                      Common_Sense
                                                                      Date and time
                                                                      February 18, 2014, 11:32AM
                                                                    • Oh you poor darlings. Not one trade between ad many many winning trades for me, all posted. CDA 63c and a lie is al you've got.

                                                                      Gun traders you'll never be. Ha ha ha...

                                                                      Commenter
                                                                      Allan
                                                                      Location
                                                                      Prahran
                                                                      Date and time
                                                                      February 18, 2014, 12:29PM
                                                                    • +1

                                                                      Hehe!

                                                                      Thanks for playing BIG AL!

                                                                      Enjoy!

                                                                      Commenter
                                                                      Parrot
                                                                      Location
                                                                      Prahran
                                                                      Date and time
                                                                      February 18, 2014, 12:46PM
                                                                    • You got it pumpkin. He he...

                                                                      Commenter
                                                                      Allan
                                                                      Location
                                                                      Prahran
                                                                      Date and time
                                                                      February 18, 2014, 1:18PM
                                                                    • all...not al...just thought I would help you out.

                                                                      Commenter
                                                                      Little help
                                                                      Location
                                                                      Little help
                                                                      Date and time
                                                                      February 18, 2014, 2:36PM
                                                                  • UBS playing silly buggars with ACR again.

                                                                    Commenter
                                                                    Grinch
                                                                    Date and time
                                                                    February 18, 2014, 10:46AM
                                                                    • Yep! I posted last week that you will see UBS appear/disappear/reappear on the 5% substantial holder mark.

                                                                      Whenever you see this, the share price WILL fall from being shorted, either by them or lent out. It has fallen already, not sure when they'll be done with it.

                                                                      Commenter
                                                                      GS
                                                                      Date and time
                                                                      February 18, 2014, 11:21AM
                                                                    • The same thing happens in Bradken BKN. Should this be permitted with shares? Playing with Aussies' Super.

                                                                      Commenter
                                                                      It's All About Making Money
                                                                      Location
                                                                      Lennox Head
                                                                      Date and time
                                                                      February 18, 2014, 12:01PM
                                                                    • I would have thought this was an unfair market manipulation to the detriment of other investors and therefore not desirable but i'm not sure what the rules are.

                                                                      Commenter
                                                                      Grinch
                                                                      Date and time
                                                                      February 18, 2014, 12:56PM
                                                                  • The Gorilla pictured would fit rather well in the Qantas Boardroom; a nice suit & tie and he's going for gold. The picture reveals the gorilla having a serious, resilient and determined look, its hands on the rope revealing openness and valuing other's opinions. The company logo would contain a large yellow Banana revealing the true state & future of the economy...

                                                                    Commenter
                                                                    Cheeta
                                                                    Location
                                                                    Sydney
                                                                    Date and time
                                                                    February 18, 2014, 10:45AM
                                                                    • @econocrat.....That's the most bizarre post I've seen you make...I'm one of the ONLY people thinking about anyone else. You should try it.

                                                                      Commenter
                                                                      JohnBB
                                                                      Date and time
                                                                      February 18, 2014, 10:43AM
                                                                      • KCN hits $1.625 right off the bat. Let it ride baby!

                                                                        Commenter
                                                                        Gordon Akman
                                                                        Location
                                                                        Broadbeach
                                                                        Date and time
                                                                        February 18, 2014, 10:40AM
                                                                        • Quite a turnaround. Much lower and I'll be forced to buy some.

                                                                          Commenter
                                                                          Yin or yang
                                                                          Date and time
                                                                          February 18, 2014, 3:22PM
                                                                      • Is it a good time to buy ?? if 'yes' then what ?? If 'no', does that mean 'sell' & sit on cash for 'Soros' day ??
                                                                        We all know what happens to ASX if US catches a cold !!

                                                                        Commenter
                                                                        Clueless
                                                                        Location
                                                                        Wonderland
                                                                        Date and time
                                                                        February 18, 2014, 10:33AM
                                                                        • Investment decisions should be looked at seriously,is this just another trolling by a aka??

                                                                          Commenter
                                                                          BearShapedBull
                                                                          Location
                                                                          MugPunters Lounge
                                                                          Date and time
                                                                          February 18, 2014, 10:55AM
                                                                        • No mate, seriously... cant decode this market when its not run on fundamentals.
                                                                          BTW, I like your approach... didnt sell my PBT when you sold your half & now biting my nails waiting for the results !!

                                                                          Commenter
                                                                          Clueless
                                                                          Location
                                                                          Wonderland
                                                                          Date and time
                                                                          February 18, 2014, 11:02AM
                                                                      • Over 1 billion people believe in Chinese Astrology. I think it pays to have an understanding as those believing in Chinese Astrology influence our market.The beliefs become self fulfilling.
                                                                        This year, the Year Of the Horse, is seen as a positive year.
                                                                        In the words of Theodora Lau in the her Handbook of Chinese Astrology: "A definite time for advancement...Industry, production and the world's economies will be on an upswing." pge 129
                                                                        And what has happened since the Chinese people have come back to work since the CNY? The markets have risen. Shorters beware.

                                                                        Commenter
                                                                        It's All About Making Money
                                                                        Location
                                                                        Lennox Head
                                                                        Date and time
                                                                        February 18, 2014, 10:31AM
                                                                          • I think I've heard otherwise....

                                                                            I've heard this year, around the middle of the year the world might enter the biggest crashes of them all....I really did, from a really renowned astrologer. I say...beware of the horse, it might trample everyone in its wild ways...Caution Caution, exercise Caution this year.

                                                                            Commenter
                                                                            Dragon Master
                                                                            Location
                                                                            Sydney
                                                                            Date and time
                                                                            February 18, 2014, 10:57AM
                                                                        • Any idea what time MRM results are released?

                                                                          Commenter
                                                                          Chris
                                                                          Location
                                                                          Sydney
                                                                          Date and time
                                                                          February 18, 2014, 10:25AM
                                                                          • Ignore this please AFR had wrong info report date is 25th

                                                                            Commenter
                                                                            Chris
                                                                            Location
                                                                            Sydney
                                                                            Date and time
                                                                            February 18, 2014, 10:41AM
                                                                        • Any regulars on Pacific Brands? Down 9% at the open. Ouch.

                                                                          Commenter
                                                                          Knocker of all
                                                                          Location
                                                                          Mermaid Waters
                                                                          Date and time
                                                                          February 18, 2014, 10:22AM
                                                                          • Any company recording year on year losses and still paying a dividend is mortgaging the house to pay the bills.

                                                                            Commenter
                                                                            Joe the POM
                                                                            Location
                                                                            Geelong
                                                                            Date and time
                                                                            February 18, 2014, 10:45AM
                                                                        • Jobs... down down down
                                                                          Unemployment...up up up
                                                                          Stocks...up up up

                                                                          I just love it...
                                                                          To all current unemployed...Become an Accountant...nothing else. Go for the best, f...the rest.

                                                                          Commenter
                                                                          Accountant
                                                                          Location
                                                                          Sydney
                                                                          Date and time
                                                                          February 18, 2014, 10:22AM
                                                                          • The long term unemployed like gee up are used to it. It's a way of life. He he...

                                                                            Commenter
                                                                            Allan
                                                                            Location
                                                                            Prahran
                                                                            Date and time
                                                                            February 18, 2014, 12:26PM
                                                                        • Good morning.

                                                                          Commenter
                                                                          Knocker of all
                                                                          Location
                                                                          Mermaid Waters
                                                                          Date and time
                                                                          February 18, 2014, 10:21AM
                                                                          • PNA out @ 2.12,thanks for the quick 22% bounce.

                                                                            Commenter
                                                                            BearShapedBull
                                                                            Location
                                                                            MugPunters Lounge
                                                                            Date and time
                                                                            February 18, 2014, 10:15AM
                                                                            • From CCL report: "Specifically, CCA will seek measures to prevent the dumping of cheap imports, the levelling of the playing field with respect to tariffs on imports and the enforcement of standards and inspection measures to prevent imports which may have unsafe levels of contaminants like lead."

                                                                              It's truly amazing that the government allows things like this to happen. The other day Abbott or Hockey was bleating about "getting the conditions right and then letting business get on with the job". What world are they living in where they think that allowing Italians to flood our market with canned tomatoes is the "right conditions for business".

                                                                              Commenter
                                                                              Basic
                                                                              Date and time
                                                                              February 18, 2014, 10:15AM
                                                                              • Importation of "cheap" overseas canned products comes down to the power of the duolopy....and both guilty companies begin with W.Its not a govt thing,although regulation would combat but then we are back to a protected insular market,

                                                                                Commenter
                                                                                BearShapedBull
                                                                                Location
                                                                                MugPunters Lounge
                                                                                Date and time
                                                                                February 18, 2014, 10:24AM
                                                                              • Apparently, the Italian tomatoes are leftovers from Berlusconi's latest Bang, Bang party.

                                                                                Commenter
                                                                                Viking
                                                                                Location
                                                                                Sydney
                                                                                Date and time
                                                                                February 18, 2014, 10:29AM
                                                                              • When it comes to trade we are the most masochistic country in the world!

                                                                                Commenter
                                                                                Fred
                                                                                Date and time
                                                                                February 18, 2014, 10:46AM
                                                                            • Drat the rug got pulled on CCL this morning,still making a 500 million profit.yesterday BRU today CCL...tomorrow well have to wait and see which ones next for the chop.portfolio taken a bit of a hit after selling out of all goldies and ORG,aw well win some,lose some.....hold on the sidelines or all in on RIO.

                                                                              Commenter
                                                                              BearShapedBull
                                                                              Location
                                                                              MugPunters Lounge
                                                                              Date and time
                                                                              February 18, 2014, 10:13AM
                                                                              • Exactly. Still $500 million profit with soft drink price war easing. Over reaction? Still not a great result by any means, but SPC writedowns were obviously coming...?

                                                                                Commenter
                                                                                Jessie
                                                                                Location
                                                                                Brisbane
                                                                                Date and time
                                                                                February 18, 2014, 10:22AM
                                                                            • A bit salute to the big unit !! Great job by the management to come up with terrific results. Well done BHP, you've made us proud. Hope this improves the general sentiment & provides the turnaround that the economy needs... cheers.

                                                                              Commenter
                                                                              Victor
                                                                              Location
                                                                              downunder
                                                                              Date and time
                                                                              February 18, 2014, 10:06AM
                                                                              • some buy great companies like BHP and CBA...other numpties buy QAN and short the big 4....oh dear

                                                                                Commenter
                                                                                BOQISTA
                                                                                Location
                                                                                yes or no?
                                                                                Date and time
                                                                                February 18, 2014, 10:23AM
                                                                              • Better to own shares in BHPB than to work for them !! Jimblebar white elephant.

                                                                                Commenter
                                                                                Sullys Foot is Down
                                                                                Location
                                                                                South Freo
                                                                                Date and time
                                                                                February 18, 2014, 11:18AM
                                                                              • Must admit the management is on auto pilot. Middle management is where the gains are made. They are even worse. Reading the ASX BHP announcements it doesnt even state that ine Jimblebar mine cannot even sell its Iron Ore. It is stockpiled at the Port Hedland dock. Very low grade and NO buyers. This Jimblebar mine is a white elephant !! Just wait for care and maintenance

                                                                                Commenter
                                                                                Sullys Foot is Down
                                                                                Location
                                                                                South Freo
                                                                                Date and time
                                                                                February 18, 2014, 11:36AM
                                                                            • Big list of companies reporting today cold make things swing up,BHP crikey thats a large jump in revenue did they get the mining tax back in 1 hit?

                                                                              Commenter
                                                                              BearShapedBull
                                                                              Location
                                                                              MugPunters Lounge
                                                                              Date and time
                                                                              February 18, 2014, 10:06AM
                                                                              • CCL results is a disaster with loss of marketshare. Outlook also looks very cloudy. Is CCL's glory days are behind ?

                                                                                Commenter
                                                                                Ronn
                                                                                Location
                                                                                Sydney
                                                                                Date and time
                                                                                February 18, 2014, 10:05AM
                                                                                • So long as consumer spending remains low then volume is not going to pick up - and with unemployment rising nd the Libs planning on slashing growth even more by introducing austerity don't count on a turn around any time soon.

                                                                                  I don't expect CCL will be having any stellar results for the next few years.

                                                                                  Commenter
                                                                                  Basic
                                                                                  Date and time
                                                                                  February 18, 2014, 10:23AM
                                                                              • Can anyone explain why we need an review into the renewable energy target (which adds something like 15% to electricity bills) but the mass expansion of the gas export industry is allowed to go ahead with no analysis of the outcomes when it will more than double gas prices and create totally avoidable shortages on the eastern seaboard.

                                                                                Commenter
                                                                                Jimmy
                                                                                Date and time
                                                                                February 18, 2014, 10:01AM
                                                                                • The rise in gas prices could actually make locally produced, and unexportable, renewable energy cheaper in comparison to gas-fired energy. But will that prospect increase the production of renewable energy. You have to be joking. This gov't has set its mind against anything that sits together with the concept of taking action against carbon emissions and/or climate change.

                                                                                  Commenter
                                                                                  mitch of ACT
                                                                                  Date and time
                                                                                  February 18, 2014, 10:18AM
                                                                                • It might make some renewables more competitive but it will push up costs for homes and businesses as well as driving perverse outcomes such as the Tarong coal generators being brought back online.

                                                                                  Just to be clear, I am not pro or anti gas. I just think that while there as such big downsides to linking our national price to the world price we should demand that the benefits outweigh the costs. Seems pretty reasonable to me. Tony, where are your calls for a cost-benefit analysis on this one?

                                                                                  Commenter
                                                                                  Jimmy
                                                                                  Date and time
                                                                                  February 18, 2014, 10:32AM
                                                                              • Billionaire investor George Soros has doubled up on a bet that the US sharemarket is headed for a fall, taking a position now worth $US1.3 billion, reports The Wall Street Journal.

                                                                                The above comment may be misleading as Soros is not confident about us stock prices. Routinely hedge funds buy Put options to balance their risks. Buying Put option is different to naked Shorting of the market.

                                                                                Commenter
                                                                                Ronn
                                                                                Location
                                                                                Sydney
                                                                                Date and time
                                                                                February 18, 2014, 9:52AM
                                                                                • Alcoa - Point Henry loss of 980 jobs and another 500 jobs!!

                                                                                  Housing boom!

                                                                                  Read more: http://www.smh.com.au/business/alcoa-announces-closure-of-port-henry-aluminium-smelter-20140218-32wzq.html#ixzz2tce4yJTZ

                                                                                  Commenter
                                                                                  Pete the pom
                                                                                  Location
                                                                                  Melbourne
                                                                                  Date and time
                                                                                  February 18, 2014, 9:51AM
                                                                                  • You didn't happen to inadvertently bring that nasty Thatcher virus with you did you?

                                                                                    Ansel are claiming that the black mood in the automotive sector (the 2000 plus companies involved in car manufacture) is already hurting its sales of protective clothing and Futuris Automotives, a leading components supplier, is planning to move its R and D to North America. No future here..

                                                                                    Commenter
                                                                                    Catch 22
                                                                                    Location
                                                                                    The Ponzi Economy
                                                                                    Date and time
                                                                                    February 18, 2014, 10:18AM
                                                                                • All shareholders know that he markets operate on a cruel but fair basis; if a business is unprofitable it eventually goes under. How long then can we subsidise Australian farming businesses that have their hands out every drought for assistance? Its like Groundhog day. Time for Hockey to display the backbone we elected them for and stop propping up farms in the Australian desert.

                                                                                  Commenter
                                                                                  reopman
                                                                                  Location
                                                                                  Dorrigo NSW
                                                                                  Date and time
                                                                                  February 18, 2014, 9:51AM
                                                                                  • That's all very well, but then how is Australia going to feed itself? Once all the farmers are gone, or owned by foreign corporations, are we going to import all our food.
                                                                                    Farming is an industry that is vulnerable to forces beyond anyones control and the farmers work very hard. They pay their share of taxes in good times and for the sake of Australia's future, deserve our support in hard times. It's very shortsighted to say that they should be allowed to fail if they can't get themselves through tough times.

                                                                                    Commenter
                                                                                    confused
                                                                                    Location
                                                                                    Syd
                                                                                    Date and time
                                                                                    February 18, 2014, 10:12AM
                                                                                  • I'm no expert, by far, but shouldn't we be looking to countries where water is scarce yet they've devised advanced strategies to grow crops/manage stock?

                                                                                    To me it seems like our agriculture sector is stuck in the dark ages - just praying for rain.

                                                                                    Surely the writing is on the wall and instead of handouts we should be rewarding/subsidising/invest in advanced agricultural products/infrastructure/services?

                                                                                    Commenter
                                                                                    Duncs
                                                                                    Location
                                                                                    Melbourne
                                                                                    Date and time
                                                                                    February 18, 2014, 10:22AM
                                                                                  • "confused" .. Yes, you are ....

                                                                                    Why is importing everything else acceptable, but food not?

                                                                                    It is commerce.

                                                                                    It is capitalism.

                                                                                    Let the lowest price win. If it's good enough for car workers, it is good enough for farmers.

                                                                                    It is hypocracy to defend and protect one but not the other, and don't give me the 'its a natural disaster' rubbish, as this country is always having droughts.

                                                                                    Commenter
                                                                                    Joe the POM
                                                                                    Location
                                                                                    Geelong
                                                                                    Date and time
                                                                                    February 18, 2014, 10:38AM
                                                                                  • On that principle, there goes Qantas. Sometimes a company, industry or class of occupations are required to be maintained for strategic reasons. Farming fits that bill. If a farm proves to be continually uneconomic to run then the bank shut it down for failure to pay back loans. If the land has become unsuitable for farming the use to which the land is put can change or just remain vacant.

                                                                                    Commenter
                                                                                    mitch of ACT
                                                                                    Date and time
                                                                                    February 18, 2014, 10:40AM
                                                                                  • Duncs,

                                                                                    But is that the job of the Federal Government.

                                                                                    They don't advance money to improve process (aka SPC).

                                                                                    If farming is unsustainable because of the climate, then either the farm is in the wrong place, or the climate has changed.

                                                                                    If the latter, then perhaps we should be doing a bit more in DIRECT ACTION to prevent it from changing further and making more farms unviable.

                                                                                    Commenter
                                                                                    Joe the POM
                                                                                    Location
                                                                                    Geelong
                                                                                    Date and time
                                                                                    February 18, 2014, 10:49AM
                                                                                  • Yes, Corporate Welfare must stop or....those companies expecting subsidies must work for the dole...perhaps on a farm.

                                                                                    Commenter
                                                                                    Judge
                                                                                    Location
                                                                                    Sydney
                                                                                    Date and time
                                                                                    February 18, 2014, 11:01AM
                                                                                  • @Joe the Pom : a country that cannot feed itself becomes extremely vulnerable in times of worldwide food shortages/ war etc. Have a look at happened to Zimbabwe. Let farmers leave the land and they don't go back. No-one is suggesting that unviable farms be propped up, but viable farms should be given assistance through periods of extended hardship.
                                                                                    Australia cannot afford to import all it's food. We can live without all the other stuff we import - clothes, cars, electronics etc, but we cannot live without food and one day there will be global competition for food. Population growth makes this inevtiable.

                                                                                    Commenter
                                                                                    confused
                                                                                    Location
                                                                                    syd
                                                                                    Date and time
                                                                                    February 18, 2014, 12:25PM
                                                                                  • It is the Australian government's responsibility to manage the economy for the benefit of all, and not for the narrow interests in the service of an ideology that pretends we can compete on a level playing field with everyone.

                                                                                    Perhaps that is where you are coming from, or perhaps not; but here is my position.

                                                                                    Dry-land farming in Australia can compete with the rest of the world, and as a result most of its production is exported.

                                                                                    Most other sectors of the economy that face international competition (i.e. most sectors except mining, retail, finance and superannuation) need some protection from the ravages of international competition. Hence we have a very modest tariff regime that helps those sectors.

                                                                                    Such help, given to the majority of Australian workers, actually costs the dry-land agricultural sector, and makes their cost of production higher.

                                                                                    When they are in trouble it is a fair quid-pro-quo for the government to provide assistance, such as is currently being considered for the suffering parts of the agricultural sector.

                                                                                    We do better if we help each other in times of need. It is a pity this concept is not better understood.

                                                                                    It is, after all, the Australian way to provide a fair go for all!

                                                                                    Commenter
                                                                                    Graham Lovell
                                                                                    Location
                                                                                    Sydney
                                                                                    Date and time
                                                                                    February 18, 2014, 12:44PM
                                                                                  • "a country that cannot feed itself becomes extremely vulnerable in times of worldwide food shortages/ war etc"

                                                                                    Do you not think that in a World Wide crisis such as War, we might want the ability to manufacture our own mode of transportation?

                                                                                    Being an island continent, imagine the horror of being blockaded?

                                                                                    This country is quickly becoming a former restaurant that is desperately selling everything in the pantry.

                                                                                    What happens when the pantry is empty, or worse, the only thing you have left on the shelf is what no one else wants?

                                                                                    That is where Australia is heading.

                                                                                    This government is talking all the 'competitive' 'capitalist' 'free-trade' bull dust that Margaret Thatcher espoused.

                                                                                    Britain was going to invest in the knowledge industry, the value adding industry because we simply couldn't make stuff cheap enough to compete.

                                                                                    Well, amazingly enough, that knowledge industry can move offshore too, as we really aren't any smarter than the people who (amazingly enough) can and do make the same, but quicker, cheaper, and for less.

                                                                                    The city of London became the 'financial' heart beat of Britain and became a bloated disproportionate segment of the economy, so much so, it nearly bankrupted Britain in the City's hour of need.

                                                                                    Way to go with all that 'KNOWLEDGE' and 'VALUE ADDING' industry!!

                                                                                    So in essence, you are saying, let's help unprofitable farmers because one day when the shit hits the fan, we'll need them.

                                                                                    Well, the same can be said for car makers, for ship makers, for aeroplane/warplane makers, radio makers, telecoms engineers, compueter designers, space craft manufacturers.

                                                                                    You either have a principle, or you don't. There in lies the hypocracy that one man's livelihood is another mans subsidy.

                                                                                    Commenter
                                                                                    Joe the POM
                                                                                    Location
                                                                                    Geelong
                                                                                    Date and time
                                                                                    February 18, 2014, 1:05PM
                                                                                • In a more positive comment, that is a strong result from BHP :)

                                                                                  Commenter
                                                                                  Fred
                                                                                  Date and time
                                                                                  February 18, 2014, 9:45AM
                                                                                  • Increase of 2 cents per dividend. Rubbish !! they can pay much, much more

                                                                                    Commenter
                                                                                    Sullys Foot is Down
                                                                                    Location
                                                                                    South Freo
                                                                                    Date and time
                                                                                    February 18, 2014, 11:21AM
                                                                                • To set the record straight after some commentator yesterday tried to mislead people (mischievously I hope) It was stated:

                                                                                  "We note that a one-notch lowering of the issuer credit rating of the four Australian major banks to 'A+' from 'AA-'"

                                                                                  What was failed to mention was the whole statement by Standard and Poors :

                                                                                  We note that a one-notch lowering of the issuer credit rating of the four Australian major banks to 'A+' from 'AA-', all
                                                                                  other rating factors remaining equal and unchanged, would occur if our local currency issuer credit ratings on The
                                                                                  Commonwealth of Australia were lowered to 'AA+' from 'AAA'. This concurrent rating action on the banks would
                                                                                  reflect our view that the government's repayment capacity would be slightly lower (but still extremely strong) at the
                                                                                  'AA+' rating level in the unlikely event that it was required to provide extraordinary support to systemically important
                                                                                  banks. Considering our rating outlook on The Commonwealth of Australia is stable, however, we currently believe this
                                                                                  potential rating scenario is unlikely.

                                                                                  Commenter
                                                                                  Harry Rogers
                                                                                  Date and time
                                                                                  February 18, 2014, 9:45AM
                                                                                  • We note that a one-notch lowering of the issuer credit rating of the four Australian major banks to 'A+' from 'AA-'"

                                                                                    Housing boom!

                                                                                    CommenterAllanLocationPrahranDate and timeFebruary 17, 2014, 5:06PM

                                                                                    --------------------

                                                                                    Now we really can't trust anything you say...

                                                                                    Commenter
                                                                                    My conscience
                                                                                    Date and time
                                                                                    February 18, 2014, 10:24AM
                                                                                  • Now who do we think that that would be ! Perhaps somebody who wants properties to fall dramatically to buy in low or somebody who wants to see CBA price fall because he has a vested interest! Mm ! Anyway it is good to see CBA recouping some of yesterday's ex-dividend driven decline. Good for most investors anyway.
                                                                                    Cheers Harry.

                                                                                    Commenter
                                                                                    Optimist
                                                                                    Date and time
                                                                                    February 18, 2014, 10:34AM
                                                                                  • So not AAA?

                                                                                    He he...

                                                                                    Housing boom!

                                                                                    Commenter
                                                                                    Allan
                                                                                    Location
                                                                                    Prahran
                                                                                    Date and time
                                                                                    February 18, 2014, 11:54AM
                                                                                • Another day, another thousand Aussie jobs down the drain, this time at Alcoa.

                                                                                  Anyone who doesn't realise that our idiotic Reaganomics policies are ripping the heart out of this nation is blind. I don't only blame this government, the rot has been slowly setting in for 30 years.

                                                                                  Commenter
                                                                                  Fred
                                                                                  Date and time
                                                                                  February 18, 2014, 9:44AM
                                                                                    • nonsense, completely Fred
                                                                                      If I cannot sell my small ships overseas because our dollar is strong(in actual fact it is only 65% of a Euro) I blame nobody but me
                                                                                      tech up, compete die

                                                                                      Commenter
                                                                                      stu
                                                                                      Date and time
                                                                                      February 18, 2014, 9:53AM
                                                                                    • The only rot here is in Freds logic. If its not profitable ..go away and do something else. Thats market forces and thats why we elect Liberal Govts., to clean out the underperformers. No more "age of entitlement".

                                                                                      Commenter
                                                                                      repoman
                                                                                      Location
                                                                                      Dorrigo NSW
                                                                                      Date and time
                                                                                      February 18, 2014, 9:58AM
                                                                                    • Its actually a company not the government thats sacking the workers...same same but different...blme blame but incorrect.

                                                                                      Commenter
                                                                                      BearShapedBull
                                                                                      Location
                                                                                      MugPunters Lounge
                                                                                      Date and time
                                                                                      February 18, 2014, 10:02AM
                                                                                    • Nice try commenters.

                                                                                      The reality is that in a global economy we are not just competing against our high dollar. Foreign governments are subsiding their industries all over the world in addition to countries manufacturing using labour with a lower cost base and a lower quality of life.

                                                                                      What is true is this is a direct result of free trade and globalisation - a cornerstone of conservative politics. The problem is this rabble in charge still refuses to outline a grand vision for what the Australian economy of tomorrow looks like.

                                                                                      Commenter
                                                                                      Duncs
                                                                                      Location
                                                                                      Melbourne
                                                                                      Date and time
                                                                                      February 18, 2014, 10:17AM
                                                                                    • Who cares, really. We have the Banks, we have the Banks and much much more....Banks. Everyone must forget about job security and the like and just invest in...Banks.

                                                                                      Commenter
                                                                                      Banker
                                                                                      Location
                                                                                      Sydney
                                                                                      Date and time
                                                                                      February 18, 2014, 11:03AM
                                                                                    • Perhaps we should just close the borders Duncs and pretend everyone else doesn't exist? When Holden decided the other day to close their Australian production line the image of the workers car park told the story. there were very few Holdens visible. I have patronised this Brand since 24th Dec 1985. And you can bet that Toyota was likewise. If you are not prepared to support the local industry then inevitably you will loose manufacturing everywhere and then God help you if you are at war! Don't worry about your jobs consider your lives. Manufacturing, Textiles, Agriculture & etc, we do live in a global village whether we like it or not. Our unions need to wake up and look more closely at their German counterparts where unions and management work together. This is likely the only way you are comfortably going to preserve the lifestyle to which you have become accustomed stop.

                                                                                      Commenter
                                                                                      Optimist
                                                                                      Date and time
                                                                                      February 18, 2014, 11:08AM
                                                                                    • Opto, Duncs is just asking for a more balanced approach to the reality of trade. But no worries, let's pump up the housing-banking Ponzi even more and sell off our last remaining assets to foreigners to finance it and our lavish imports. Worked a treat in Ireland, Iceland, Spain......

                                                                                      Commenter
                                                                                      Catch 22
                                                                                      Date and time
                                                                                      February 18, 2014, 11:26AM
                                                                                    • When are you going to start your own family bank Catch ? Sort of got a "Catchy" name forgive me I couldn't resist. Which Bank why "Catch 22" an I don't agree with selling off assets to foreigners but if the folk of Australia patronised their brand more we wouldn't be in the situation that we are quite ! And if you do decide to start your own bank please pay 4% plus interest and that will put upside pressure on the other 4 thanks.
                                                                                      Cheers.

                                                                                      Commenter
                                                                                      Opto
                                                                                      Location
                                                                                      Hi Catch
                                                                                      Date and time
                                                                                      February 18, 2014, 11:48AM
                                                                                    • The country is being raped and pillaged by the FIRE sector. This cancerous growth owns the politicians. This can go on for some time yet but I'm very, very angry. The young people will suffer, badly when it's over but I should stop posting. Nothing new here.

                                                                                      Commenter
                                                                                      Catch 22
                                                                                      Date and time
                                                                                      February 18, 2014, 12:26PM
                                                                                  Comments are now closed