Pete Wargent blogspot


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Wednesday, 21 December 2016

Sirtex crashes again

The bonfire continues apace.

Sirtex Medical is now down 63 per cent year-on-year.

As for some of the other value stock favourites people tweet me about?

Vita Group is staging a bit of a fightback, having previously been smashed:

Healthscope is not really going nowhere, and remains well down:

REA Group (real estate) looking to shape upwards in 2017 after a bit of a knock:

And Vocus Communications...bleurgh!

Source: ASX

While Aussie shares continue to tread water, in the US it's a veritable moonshot with the Dow firing for 20,000.

Source: DJIA

Even our old friend Harry Dent has turned bullish on US stocks now, even if he is about half a decade too late to the party. 

He had predicted the DJIA would fall to around 3000 to 3800, just before it rocketed to 20,000.

Ridiculous, really, but perhaps it says something about the market if even the Dentmeister has turned bullish.