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What the market taketh away,it giveth back the next day!!!
Morning sports fans,
Just a quickie this morning as I have a meeting to go to….just to put it in perspective if you include Dividends in our index!!!
Another buy the dip opportunity missed I am afraid as the Bi Polar Dow resumes its everything is awesome mode..even Europe joined in as they see a last gasp settlement of the Greek question…yeah right!!..anyway onwards and upwards as we head into Easter…indigestion from the mammoth sale of Chevrons stake in Caltex was partly to blame for yesterdays falls…usual suspects will be striong today and even CTX may bounce back above the placement price..
More calming words from the Central Bank of the Peoples Popular Republic of China about stimulating the conomy and from Yellen not Screamin helping things along the way…
Gold down…Iron Ore down..Oil down..resources are still to be treated as slightly toxic!! ’Cept for BHP that is…
Idea of the Day
I remind all my readers of my “Easter is the best it gets for a while” theory…next few days may be a good time to evaluate your exposure to the next quarter….gonna be knocking on heavens door…Triple Top!!!
Might be worth looking at SGH (when it comes back on)…Slater and Gordon as they emerge from the rights issue to pay for a company changing UK biz…2:3 Entitlement at 6.37…would take up the rights and if not a shareholder would be looking to buy this one…
A small one worth a look is CKK ..I mean very small..0.4-0.5 c…..currently raising some money ..they make Proppant..this is the stuff that fracking companies use to get the gas out of the ground in the US..they make it from left over Fly Ash which comes out of power stations…they make it cheaper than the usual methods and are on the cusp of one of two deals…only for the very speccy punter but at 0.4/0.5 worth a throw of the dice…met the management a few times and now it is poised to deliver!!!
Things to make me go mmmmm….
CTX!!!!!Why do these instos take stock in a placement at 35 bucks then panic out at 34!!!Are these the smartest guys in the room????And they said it was oversubscribed!!!!!!!More spin than Canberra….
Who needs Edward Snowden…our Public service just emails all the private details of world leaders to all and sundry…
Takeovers are back…more M&A activity in the US in Biotechs…some here too with the Chinese having another go at PNA…
Last week the Aussie Gov issued bonds at the lowest ever rate…I am still puzzled when Governments like NSW are looking to sell good assets which are producing good yields when they could borrow money at such ridiculous rates…20 year money at 2.865%!!!!!!!
Ardent Leisure which I fancy are still reeling from the shock resignation of popular Greg Shaw and the new CEO in Deb Thomas…seems that there are a bunch of shareholders looking for a reinstatement or at least a please explain WTF is going on from the board!!!
Saw another Medicinal Marijuana float hopeful yesterday…after our monster successful float of PYL this one is interesting..I have more details if the weed takes you…seems like Kebab shops will be doing well with all this weed around…..
Scary chart of the day is margin debt in China..no wonder their market is at a 7 year high…Japan looks to be going nowhere again after yesterdays figures …more reason for more free money!!!
And finally…three today…
“Hello, my name is Bob. How can I help you?”
“Hi Bob, I really need your advice on a serious problem.
I have suspected for some time now that my wife has been cheating on me.
The usual signs: If the phone rings and I answer, the caller hangs up. She goes out with ‘the girls’ a lot. I try to stay awake to look out for her when she comes home, but I usually fall asleep.
Anyway, last night about midnight, I hid in the shed behind the boat. When she came home, she got out of someone’s car buttoning her blouse, then she took her panties out of her purse and slipped them on.
It was at that moment, crouched behind the boat, that I noticed a hairline crack in the outboard motor mounting bracket.
Is that something I can weld, or do I need to replace the whole bracket?”
A boy asks his granny, ‘Have you seen my pills, they were labeled LSD?’
Granny replies, bugger the pills, have you seen the dragons in the kitchen?
And cos its Easter…
Two beat cops call the crime branch on telephone to give feed back on a homicide case….
Cop : Hello. Crime branch?
CB : Yes
Cop : This is Sgt John. We have a case here. A woman has shot her husband for stepping on the floor she had just mopped.
CB : Have you arrested the woman?
Cop : No sir. The floor is still wet.
Have a great Tuesday…no note tomorrow as I am attending a course..