Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

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.