The short sellers are trading against the trend and that’s not the way to make fast money. In fact, they’ve been losing money. It is far more effective to trade with the trend and short stocks breaking lows from years past, rather than shorting stocks breaking higher.
The share price of TPG Telecom Ltd [ASX:TPM] has made ground, rising 6.8% today. The giant telco was fairly guarded in its final report. Which might seem strange as they reported a net profit of $413.8 million, up 9% from 2016’s results.
The price of tungsten has jumped 52% since early July, It has beaten all 22 major materials in the Bloomberg Commodities Index. Tungsten has gained for six straight months. The longest rally since 2012.
In recent weeks we’ve been looking to the future. The future of industry, the future of money, the future of Australia and the world. The good news is that the opportunities are endless.
To some it’s un-Australian. You’ll be betting on failure. But if your goal is to make money in the share market, then learning about short selling could double your chances to profit.
The market will forecast for you the good and bad news to come, once you know how to read a chart. Many analysts, financial pundits and even fund managers who handle billions of dollars, do not understand this.
Shares in Updater Inc [ASX:UPD] are up 10.61% today, as they have reached a key goal. What did Updater do?
In this event alone, teams have the chance to win more than US$9 million. The five-man Chinese team that won last year’s event took home $1.87 million each.
The world’s greatest investor is close to sitting on US$100 billion in cash. It’s a milestone Warren Buffett wishes he would never see.
I wish Amazon could somehow crack beer retailing. You struggle to get a pint of amber liquid in Melbourne these days for anything less than $10.