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Month: June 2018

The bulk of the stocks outlined below have enjoyed an exceptional run in the last 12 months – a combination of good growth, good stories and a market that is happy to pay up for both.

Stock

Axcesstoday (AXL) $2.22 as at 27/06/2018

  • Posted in ASX:AXL, Financials
  • Comments Off on Axcesstoday (AXL) ASX listed Bond – expected to pay ~7% floating

Stock

Viva Energy

  • Posted in Energy
  • Comments Off on What to look for in the Viva Energy IPO

ASX 200 & S&P 500 – Taking short positions

Event

Overnight stocks were sold off pretty hard with the broad based S&P500 down -1.37% and the Dow Jones falling -328 points for its ninth decline in 10-days. The ASX200 is set to open just below 6150, already a 100-point decline from yesterday morning’s high and likely to generate technical sell signals for MM. Last night’s weakness on overseas markets was the worst since April and was primarily attributed to further trade tensions courtesy of Donald trump, potentially one step too far for a bull market that’s trading at historically expensive levels. It’s time to look into short positions in the market.

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