Share market overheated?

November 5th, 2007 | No Comments

I sold shares in Nufarm today for $17.26 (NUF.AX) which I bought in February for $11.55. That’s a nice gain of 49 percent on a premium stock in nine months.

I probably should have held them another four months to reduce the capital gains tax, but the market is so uncertain just now I thought I should take the profit.

I sold News Corp at a small loss last week as part of reducing my exposure to stocks in the current climate. I’m confident holding banks and BHP, but feel nervous about industrials and retailers.

When I started buying shares 18 months ago I looked for companies I thought were undervalued. I don’t see any fitting that description today.

These articles might be of interest:

Comment 46 views

Tags: finance

Comments

Michael: I would ask nobody to dinner at my house without a month’s notice … they’d see dog’s...

Ebony Jackson: I would really worry if Princess Anne came to my house for dinner. Where would I put her horse? what...

Ebony Jackson: Today I went grocery shopping in IGA ans spent $176.15. I went for the house brand milk, lite, (cos...

Michael: Here’s an interesting link: http://www.colonialrugby.com.a u/AFL-2008.htm

Retarius: Well, you’ve got me there. I’ll have to read up on it. Ha! “The History of Australian...

Forum posts

Re: a bit of ancient history Thu, 08 Jan 2009 06:36:03
I like to read historical fiction, and that gives me an introduction to research a bit more.

Simon Scarrow wrote some good novels about Roman times in Britain and Bernard Cornwell covers the period after the Romans left, including around the mythical/legendary King Arthur.

There should be copies in the local library, if you’re interested

I find the pagan religion from ancient Britain fascinating too. You’re probably aware that many Christian traditions have pagan connections.
a bit of ancient history Wed, 07 Jan 2009 08:16:01
I am very interested in your historical approach to many interesting characters you include in your website Michael.

I am so glad find that history is not dead, despite the distractions of necessary current events, and topical interest stories.

Currently I am researching for an assignment and thought there might be like minded people who read this forum.

Did you know?

When the last Roman legions withdrew from Britain in AD 407, they left behind a frontier town imitation of Roman culture - cities connected by an excellent network of ruler-straight roads, luxury villas, forums, public baths, at least the nucleus of a library here and there - and perhaps a handful of native healers to whom the name Hipppocrates and Dioscorides were familiar.

The villas eventually crumbled, the roads broke up, the towns fell into decay, and as the Angles, the Saxons and the Danes overran the country, the last vestiges of this Roman culture died out.

Amazing bit of trivia, and what you learn when you dig up historical stuff..huh?

Michael Gorey