HomeCo (HMC) was born from the failed Master’s entry in 2016. It has managed to establish itself in the top 40 performers of the All-Ords index in the last six months. Since listing, it has been the best performing company in the ASX property index. It currently manages a ~$2 billion property portfolio and is…
A week after a dismal IPO in the US, the online trading platform called Robinhood (HOOD.O listed on the NASDAQ) was deluged by retail investors on 10x the usual volume with the share price doubling. From discarded lemon one day, to Superhero stock the next. The week before it doubled HOOD.O had an underwhelming IPO…
We are into the results season and these days, for equity investors, the results month is like being on a battlefield during an artillery barrage wearing fluoro orange. You never quite know when you’re going to get blown up. We are into the results season and these days, for equity investors, the results month is…
SMALL MONEY VERSUS SMART MONEY I have never liked the expression “Smart money.” It is demeaning to individual investors and used by the finance industry to imply they are smart and the rest of you are by implication “Dumb”. But a lot of supposedly smart professionals do some very dumb things, and a lot of…
Using ATR (Average True Range – Explanation here) as a percentage of share price you can rank the volatility (risk) of stocks relative to each other. I have done this below. Although it might be interesting to look at which stocks are the riskiest (which usually singles out the growth stocks, the best performers) it might…
At the suggestion of a member, I am reading three books by Mark Minervini. I was persuaded by the idea that he is one of the most trolled traders in the US. Corny titles but worth the read. Available on Amazon, there are three titles. The first book is about how to identify "Super" growth…
SECTOR TRENDS MONITOR The Transport sector topped the charts in the last week thanks to a bid for SYD. Shareholders are advised to hold on in case someone (Macquarie) launch a counter-bid. Energy topping the tables in the wake of the OPEC+ debacle. Defensive sectors starting to perform as the market tires and tops. Consumer…
THERE ARE EIGHT INVESTOR TYPES – ONLY TWO SUCCEED It has always irked me that books with titles like “How to make a million dollars in the stock market” and “Ten things you must know about the stock market” probably sell more copies than my book. It’s my own fault, “Stock Market Secrets” by Marcus Padley…
I was on the golf course one weekend with a chap called Simon who mentioned a few stocks he has held that initially did very well but he now (July 2021) held at a loss. MEZ, NWH and ORI. Simon has no post-purchase discipline/mechanism. Time for a lesson in stop losses. Investment is not about…
If you are making a loss, read this list. You will have sold before you get to the bottom. I was working for a Japanese broking house in London in 1987 when the stock market collapsed. The principal trading book (the broker’s own money traded in the markets by a team of professional traders) started…
