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Article #282

Re: Libs to block the super tax, market slide halted after news breaks about this

#282
From: dechucka
Date: Thu, 06 May 2010 00:53
53 lines
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"Petzl" <petzlx@gmail.com> wrote in message 
news:1d34u5163r8r5s0bbp9remn9v81hu80m06@4ax.com...
> On Thu, 6 May 2010 10:17:48 +1000, "dechucka" <vomit@hotmail.com>
> wrote:
>
>>
>>"Petzl" <petzlx@gmail.com> wrote in message
>>news:d1t2u51nvmuhd5p4gjp6s2euc31ngs4rsh@4ax.com...
>>> On Wed, 05 May 2010 13:19:21 GMT, "HD" <herpem@bigpond.com> wrote:
>>>
>>>>>>>>So how much have they got invested to lose $100.000?
>>>>>>>>Sounds like your typical struggling young Australian Family.
>>>>>>>
>>>>>>> Yep losing their home and job
>>>>>>
>>>>>>If they have lost $100.000 plus because the shares have come down,
>>>>>> >>>they musthave invested millons.
>>>>>>
>>>>> Aside from this "Superprofit tax" (which no one knows what determines
>>>>> what this is?) which starts knocking over other dominoes, like
>>>>> superannuation investment, Jobs mines are now closing, there has also
>>>>> been a fast interest rate hike and still climbing.
>>>>
>>>>Interest rates have nothing to do with it.
>>>
>>> Not what http://goo.gl/6sBw say
>>>
>>>>Mines will not close exept maybe one or two who will be taken over by
>>>>others. Mines shares are already going up again.
>>>>The simple fact is that mining companies scream blue murder and make all
>>>>kinds of threads. It is still a profitable business and will continue. 
>>>>Of
>>>>course, Mining companies have promised Abbott a lot of money for the
>>>>election campaign. He is in the pockets of the super rich.
>>>>
>>> The collapse of their share price means investors don't agree
>>
>>The collapse. Mining stocks have been going down for a
>>couple of weeks now
>
> Thats bullshit
> http://tinyurl.com/XAO-ALL-ORDS-GRAPH
> or you think graphs lie?

Have 1) looked a the x axis on your chart and 2) if this is an all 
ordinaries chart, you do know what the all ordinaries are don't you.

Try having a look at the  S&P/ASX 300 METALS AND MINING (INDUSTRY) index

http://tinyurl.com/2e8qyxt

as you can see it has been falling for a couple of weeks 
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From: "dechucka" <vomit@hotmail.com>
Newsgroups: wa.general,aus.general,aus.politics
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In-Reply-To: <1d34u5163r8r5s0bbp9remn9v81hu80m06@4ax.com>
Subject: Re: Libs to block the super tax, market slide halted after news breaks about this
Date: Thu, 6 May 2010 10:53:34 +1000
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