Yesterday we had a number of emails and concerned subscribers on Afterpay (ASX: APT). The concern was that it was being attacked by short-sellers. There was an article in the AFR on short-selling APT due to the convertible note. I wrote back as did Marcus on the subject. The stock was down over 3% but…
2020 is coming to an end. What a year it has been. It has been described as a hot mess, inside a dumpster fire, inside a slow-motion train wreck. Obviously, little has gone to plan. If someone at the start of 2020 was to tell you that you would spend the year inside your house,…
The Vaccine/Biden inspired rally and subsequent rotation into ‘value’ stocks struck down by the pandemic has helped the market print its best month since March 1988. It’s left a lot of investors wondering, what the Tech? Energy stocks have been the best performers last month, surging by almost 30% vs the market up 11.2%. The…
One member made a very sensible suggestion for a Biden Basket. A basket of ASX stocks that could benefit from Biden . Very sensible suggestion. I watched Jokin’ Joe on CNBC this morning. He was almost looking Presidential. The new agenda is likely to include stimulus spending and investment in multiple areas of the economy,…
The ASX 200 market has taken direction from the souring virus picture in the northern hemisphere. Attention slipping from vaccine progress and optimism over democratic sweep. Monday saw the ASX 200 give up early gains to close down 11 points to 6156 as the index remained in a pause. Stimulus talks remained in the spotlight…
A massive milestone for market darling Afterpay (ASX: APT) as they break through $100 for the first time, as the ASX 200 starts the week strong. Keep reading to catch up on how the week started. How the week started Monday saw the ASX 200 (ASX: XJO) rally hard up 53 points (+0.85%) after a…
ASX 200 (ASX: XJO) at seven-month high On Monday the ASX 200 gained 30 points (+0.5%) Taking heart from Asian markets after an uninspiring start Banks driving the market higher. AGM season and quarterly earnings in the US colouring the corporate diary. Tuesday saw the market reach a seven-month high, up 64 points to 6196,…
WAAAX on or WAAAX off? Our technology index is down ~5% since September 4. The Nasdaq is down ~9.5% over the same period. The high-flying tech sector has been brought back down to earth, the ‘waaax’ wings have melted and the froth has been blown off the top (somewhat). While the recovery theme is still…
Afterpay (ASX: APT) traded as low as 801c in March and now trades back towards 4000c, the question on everyone’s lips is, ‘is it too late for me to buy APT?’ Tied up in the answer is how macro headwinds and COVID-19 will influence the BNPL sector. Commentary surrounding the BNPL sector and the influence…
