Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 10 June 2014

Sun Herald shares race - Week 3 of 4

:-(

The sad news is that, with it having been the long Queen's Birthday weekend, there are only two more days of trading until the end of the Sun Herald shares race (sad face).

While I was in 5th place at the end of Week 3, the more heartening news is that, since last week, despite an ongoing soft performance of the market at large, my cunning plan of picking a few cyclicals including no fewer than four listed property trusts has begun to bear fruit (click image):


As reported by Fairfax itself this morning, the listed property trust sector is getting red hot, while mining and resources stocks (of which I have picked none) are continuing to get beaten down.

My portfolio has thus rebounded back since last week to well over $100,000 thus giving me an outside chance of causing an upset victory in the last week, though in reality I'd likely need a fairly sizeable move from one of my wildcard picks today or tomorrow. 

The best news of all - and by far the most important from my perspective - is that the Herald mugshot this week did not besmirch me with a crimson hue, and for that, I am most grateful.

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A whole raft of data out at 11.30am this morning, including the Roy Morgan consumer confidence survey and NAB business survey for May, inflation figures from China, and the April Housing Finance data from the ABS. 

Stay tuned for more.