ASX Shares What's looking cheap on the ASX in 2020?

good for trading but I wouldn't celebrate yet, still got a while to go with locked down and a few business gone belly up and banks start to hit with bad corporate debt.
I entered some trade yesterday and out for 7% profit will be back and take advantage of volatility but still hold on to my core holding for dividend

 

Qantas 66% down, unlikely to collapse given govt backing and cash reserves, but still plenty of pain to come.

Much like some of the surviving US banks following the GFC, they will obviously be good value in a couple of months.

Whats a predicted floor? Could they drop as low as $1.00? $0.50?

 

With the rate cut most likely happening tomorrow, how do you guys think the asx will respond?

When the rate was cut last month on 3rd feb the market continued falling.

 

Market already factor in for that .25% make no difference it all fear and greed now, it not normal market condition, it will be yoyo all over the place until this virus thing is over, if you take advantage of the volatility you can make some money out of it

 

Forget the asx for now. The rate cut should be fantastic for Sydney property prices.

 

Well that sucks, Santos closed at $3.13 today so I bought more to DCA my buy in price but it feels like gambling

 

In the immediate term but what about in 6-12 months? If people lose jobs and don't receive sufficient mortgage support, then houses will be up for sale once the virus is contained and there could be a glut of supply and people who need the sale.
Or am I not accounting for other factors?

 

They were $2.92 at the end of 2015 so were on the big trend up since then. Would it be safe to assume the same thing would happen in the next 3 yrs i.e get to 8 bucks. Problem is...have they gone as low as they can go?

 

Ok you can't say for certain what will happen. Just got to hope that the job losses are temporary and home owners keep the repayments up.

 

STO is like that. Have a look at their share price 1/8/14-1/8/15. With STO there is always something

 

Have you been talking too the Cleaner again after having a winnie blue in the fire escape ..

 

I see it this way.

- Supply will outstrip demand with those houses currently for sale or about to come online not able to be sold because of severe down turn in auction attendances/lockdowns etc.

- Demand is going to drop because generally people retract in times like these.

- Banks will/or already have tighten credit given the volatility in economy.

- Unemployment rises dramatically and serviceability becomes a real issue.

- Defaults to rise.


It's going to be hard to determine what the markets done in the next few months, because I don't think the supply OR the demand will be there. Possible stagnation? Mass defaults may change this and cause the market to drop.

 

Just had a look at Challenger

 

VAP - is looking cheap?

 

You jumping in Redwing?

 

Macquarie will look good soon

 

Do you think they have the means to come back, though?

 

Looking for a decent book on the fundamentals on the stock market (preferably aus) if anyone has any recommendations? My last very small parcel was RFF @ $1.70 back in March, it’s doing alright

 

Most books are just noise from people who cant do so preach and are detrimental confuse and lead you up **** creek. Most dont even understand the revolution we have entered. The same stuff repeated until it is gospel from before IOT, Cloud the digital economy and now 5G and may not that relevant now. Just read Joe Magyer's News letters and Matt Joass's blogg. You seem to know what your doing and know more than the preachers if you invested in RFF @ $1.70 the best income producing stock there is.