How To Survive The Results Season
THE RESULTS SEASON – A SURVIVAL GUIDE
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.
In the last results season this time last year, 51 per cent of the two hundred and sixty major results saw their share prices move more than 3 per cent on the day of their results. 35 per cent moved more than 5 per cent and 11 per cent moved by 10 per cent. In other words, you had a one in 10 chance of your stock moving 10 per cent on results. That is a very unpleasant prospect for a “Leave me alone. I just want 6 per cent” retiree investor.
WHY RESULTS...Continue Reading