Morning Report Tuesday 19 August 2014
Keeping our finger on the pulse and reviewing yesterday’s 4 major reports
As I commenced typing this report, QBE has just reported its 2014 Half Year Results, including a $750m Capital Raising - yet potentially more disappointment for QBE shareholders. This is a great example of poor management having the unsurprising ability to continue to be poor for investors’ returns. The opposite is also just as accurate and hence the reason the below statement is one of the most important for all investors and traders:
“Run your profits and cut your losses”.
While I am a keen follower of technical analysis, ideally to identify decent risk / reward, I believe fundamental analysis is also vital to success. I will never understand people who ignore, or dispel any tools at their disposal.
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