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the key to holding a share in a company that is experiencing price declines is to be confident that the future intrinsic value is constant or rising. If the intrinsic value is falling, then the dumb schmucks that 'hold until the price recovers' deserve to loose (Mistress market as opposed to...

Most of my holdings were sold in the latest downturn. Its what enabled me to weather this recent storm relatively well. Now just 10% US exposure and 90% australian exposure. After the recent pull back Australian shares at the moment could represent better buying based on high dividends...

ive had to reverse some of these last currency movements, exiting at a loss. This market is too dangerous, look at the forward indicators they are pointing downwards (ecri weekly leading index, and other forward looking manufacturing and service industries). I'm not exiting US stock...

another $30,000 at $1.092 and $30,000 at $1.102 reducing australian exposure proportionately

another issue i will raise with regards to the US market, their dividend payout might be pretty crappy in comparison with the australian market, but it does provide one great benefit, a low profit payout leaves funds available for share buybacks and capital appreciation (through buy outs of...

another $40,000 transferred into US$ at $1.0810 today.

thats excactly right. I use an international bank as my broker, at the end of the year as part of the service they provide a tax P&L for my accountant. Breaks everything up into the relevant items that go into an australian tax return. Australian dividends going into an australian $...

Took an intial position in Bank of America last week at $10.7 just before it got nicely wacked:mad: Not adding to this position yet even though its dropped further. Bought Citigroup yesterday at $38, i think this one could be a 3 bagger+ over the next 10 years, but will have to copp...

For those following US stocks, and even for australian stocks for psychological reasons, keep a close eye on the S&P. The 200 day moving average is 1265, this is an important resistance level. If this is broken on volume, then turbulence could increase. Why do i care about this as a value...

If you are trading, there mightt be opportunities. High PE's had a bit of a come back recently, whether the risk on trade continues will depend on the success of this trading strategy. Personally i think its too close to the end of QE2 to be placing trading 'risk on' positions that are longer...

yeah its a set up. Jim Cramer covered this yesterday: http://video.cnbc.com/gallery/?video=3000023038 But its a dangerous stock to short because there is very limited supply (only a small fraction of the total company was listed, then rest will be 'dribbled' out. This is a favourite game...

Exited CSCO on 1.7% loss, not happy with the attack on margins. At current prices CSCO is probably a reasonable long term investment, but the thought that keeps naggling me is what are the sustainable profits at a lower margin level.

Yes something like this. except my account aggregates everything, stock, currency, commodities (if i wanted) and margin loans. I dont know what the spread is with hsbc, thats something you will need to check out. Also i wish to point out that a 1.085 average exchange rate, might look...

Firstly let me state that Buffett prefers to take concentrated positions, his skill set is much higher than mine (obviously), so he can afford to. I subscribe to basic Buffett tenancies, but i prefer a scatter gun approach, ie smaller positions in a greater number of stocks. This provides a...

after you gave us the intial heads up before i took a position in the stock somewhere in the high 60's (but at a much lower currency conversion rate). EPS guidance for Sep11: 4.87, Sep12: 5.63 If visa has a pull back i will increase my position.

One of the problems i have consistently faced is the currency relationship vs stock relationship especially when using AU$ as the financing currency. AU$ is a risky currency, so if global trade is 'risk on' then AU$ goes up, but so does US stocks, and conversely. To overcome this i...

Recently added intel and getting ready to pull the trigger on Apple.

Hell we all have some of those, but it looks, based on your reasoning that you did the exact right thing, exit, walk away with 85% of the position capital intact and live to fight another day.

On another note i am building up a data base of potential companies to short in the future. If the stock you are refering to is Amazon, this is one of the stocks in the data base. I am not stupid enough to adopt valuation criteria to a decision to short whilst a stock has positive momentum...

I would add to the above that 'shorting' is still very much in style because of the success during the GFC. Favour is still given to long/short positioning, which means that theoretically risk is hedged by going long on certain positions and 'hedging' that position by shorting something else...