Morning Report Friday 11th December 2015
The market’s extremely volatile in places!Good morning everyoneOverviewThe ASX200 has been very volatile over recent weeks, falling 3.6% over the last 5 days with some big names leading the way e.g. ANZ Bank -5.8%, Woodside -8.9%, RIO -5.5% and BHP -3.9%. Recently Market Matters tried to buy the bottom on BHP after calling it down for a few years but we got it wrong and apologise for what has turned out to be an overly aggressive trade. We are however very happy to no longer be exposed to this vulnerable sectorConversely, four stocks that Market Matters have been recommending in their portfolio have been consolidating in a sideways manner and not participating in the day-to-day large and volatile swings that the ASX200 is currently experiencing.Turning to the MarketLooking at some of the stocks in our portfolio:1 Ansell (ANN) $21.39
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