Dear %%first_name%%,
It’s nice when you are proved right with this market-calling stuff and so I was especially happy to see OzForex spike 30% in a day, considering one of our experts, Tony Featherstone, had been pushing the company for quite some time as a buy. It is now being chased by Western Union, which clearly agrees with Tony.
I also like it when an employee delivers me a chart like the one below, which I will now share with you. Here it is:
Source: Yahoo!7 Finance
Now I know this chart looks complicated but let me make it simple. The big blue line in the middle with the shading is the ASX 200 index, while the four lines above are four companies that have done better than the index since early August.
Subscribers have often asked me what they should buy when I say “buy the dips” so with five months to go before the end of the year, I wrote a piece for subscribers titled, Five experts, five stocks, for five months (I’ve made this article free so you can have a look today). I put my stock picking mates on the spot and they came up with Resmed in red on the chart above, Eclipx in dark green, iSentia in brown, ARB Corp in light green and Redhill Education in purple, which is the only poor performer over the time so far. It’s in a space where a number of education businesses have been crushed because of some perceived dodgy practices, which could result in some government policy changes that could affect these business’ bottom lines.
Clearly, I hope it comes good before the five months are up and I hope the others keep on doing well but the lesson of being diversified and not being exposed to one stock has been borne out. The story also is ringing endorsement to my team of experts (who I can tap into) and the value of our Switzer Super Report but I guess you already know this because you’re reading this piece.
Of course, if you don’t want to punt on the vicissitudes of individual companies when you want to buy the dips, then you could easily buy an ASX 200 index ETF such as IOZ.
This is an excerpt from Peter Switzer’s article in the Switzer Super Report on 23 November, 2015.
Sincerely,
Peter Switzer