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Thread ID: 94164	2008-10-17 05:06:00	Sharemarket question	Johnnz (7246)	PC World Chat

Post ID	Timestamp	Content	User
712804	2008-10-17 05:06:00	Hi all, Have been listening to all the news about the falling sharemarkets around the world, and am wondering, with all the people selling at the moment, who is buying? Do those selling only get money for their shares if someone else buys off them, or is there a cash fund of some sort that buys it back until it is sold later? It just seems that all the media is saying is that everyone is selling at the moment, just made me think that there must be as much buying going on too, right?	Johnnz (7246)
712805	2008-10-17 05:40:00	Yeah, other people do buy them, was thinking of getting some Telecom ones as they are so low at the moment. They are bound to come up sometime in the future. Cheers LL	lakewoodlady (103)
712806	2008-10-17 05:44:00	Being the cynical bugger that I am, I believe that a lot of investors are riding the saw tooth of sales. i.e. start selling at say 15.00 wait untill this and other "short" sales start the price to drop to say 10.00. Buy back in and wait untill the market rises as it always does and then start the whole process again. They of course pick up the growth on the way through. If you have noticed , there have been 2 high and 2 low cycles this week There are always people who buy on a dropping/low market, who gamble that these shares are likely to go back up. You just have to be prepared to wait and/or possibly lose a little. The Air NewZealand shares I bought at 78cents are a prime example. I only wish that I had the cojones to buy a lot more than I did. HH	Happy Harry (321)
712807	2008-10-17 05:51:00	Hi all, Have been listening to all the news about the falling sharemarkets around the world, and am wondering, with all the people selling at the moment, who is buying? Do those selling only get money for their shares if someone else buys off them, or is there a cash fund of some sort that buys it back until it is sold later? It just seems that all the media is saying is that everyone is selling at the moment, just made me think that there must be as much buying going on too, right? Right. The more people trying to sell and the less trying to buy, the lower the price. This is because of exactly what you're talking about. If you want to sell, you can only sell for what someone else is willing to buy for. There will always be a buyer for the right price (for them). Eg, I would "never" buy an American bank stock. But if you offer me JP Morgan shares for $1 each (when they're trading for say $20), sure, I'd take them. This is an exaggeration to demonstrate how it's a matter of price, not of whether or not there is a buyer. Of course, I'm sure it's possible for there to literally be no buyers of stock, but I have never heard of this happening, and that's not what they mean on the news. Lakewoodlady, I bought Telecom shares at 3.26 a month or two ago (thinking they were undervalued, which may still be true). Only $2200 worth, thank God, I bought more of other stocks). If you buy them now, then whatever happens you're doing a whole lot better than me!	george12 (7)
712808	2008-10-17 06:42:00	All though the share market is down the actual volume of shares traded on the NZ market has been quite low. Buyers are either mom and pop investors who think they may have spotted a bargain or institutional investors who have to trade shares frequently, no matter which direction the market is heading, to keep their portfolios in balance.	tutaenui (1724)
712809	2008-10-17 07:07:00	This is the end of the new right's faux capitalist fantasy of get rich quick with everyone else doing the work, 25 years of mismanagement by the greedy and their idiot followers. They sold off all the assets of previously flourishing companies, supposedly making them lean and mean, they privatized government departments and actually provided a worse service than before, alienated all the workers and generally made decisions only for short term profits and this is where they have ended up. They shifted all the wealth generation to the cheap labour countries, and now when we need to export to gain overseas exchange again our manufacturing industries are gone. Our coastal shipping lines and our railways are decimated. Privatization of profits and socialization of handouts when the fools fail. Well it's laugh or cry and I am laughing, it's almost as if human behavior is a part of the grand cosmic joke. Wonder if the next generation to take power will have learned anything, doubt it, they'll probably be voting national for even more of the same.	zqwerty (97)
712810	2008-10-17 08:28:00	Hmm, quite interesting all this. Another question I have (after just flicking through the pages of some property mailers) is, How cheap are mortgagee auctions going for? Does anyone know how the bank chooses to set the reserve? Seems to be a few of these auctions now. Guess it depends how urgent the banks are to sell these assets?	Johnnz (7246)
712811	2008-10-17 18:28:00	Hmm, quite interesting all this. Another question I have (after just flicking through the pages of some property mailers) is, How cheap are mortgagee auctions going for? Does anyone know how the bank chooses to set the reserve? Seems to be a few of these auctions now. Guess it depends how urgent the banks are to sell these assets? Pity the mortagee sales here arent like some bank sales in USA. Get a cool house for bugger all From 320k valued in 2007 to 80k in Prince William where ever that is.	prefect (6291)
712812	2008-10-17 21:55:00	Hmm, quite interesting all this. Another question I have (after just flicking through the pages of some property mailers) is, How cheap are mortgagee auctions going for? Does anyone know how the bank chooses to set the reserve? Seems to be a few of these auctions now. Guess it depends how urgent the banks are to sell these assets? All thew banks are looking to recover is what they are owed + costs, so if you only have a 30% mortgage and go under that's all they want to recover, it's just the same as the debt recovery companies who may impound a $20000 car and sell it for $5000 to recover what is owed + costs	gary67 (56)
712813	2008-10-17 21:56:00	Pity the mortagee sales here arent like some bank sales in USA. Get a cool house for bugger all From 320k valued in 2007 to 80k in Prince William where ever that is. It's in Virginia near Washington City according to Google maps	gary67 (56)
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