Ongoing weakness in US equities makes the underlying tone seriously negative, especially heading into 2019.
Here is my latest upgrade (Price Target increased to $8.24 (up >600% from our initial PT 5 months ago; currently up 250% since then) to my MGM Wireless forecasts and valuation following the successful rollout of the SPACETALK watch to Spark NZ - a major achievement - and the very positive Trading Update. The performance of MGM and their success in the new wearables category for kids continues to exceed my expectations.
We're pleased to share the latest market observations by Greg Tolpigin, Head of Proprietary Trading at Gleneagle Securities. Greg provides these commentaries every few months when a key theme emerges. Here Greg compares the last 5 corrections in order to develop a strategy to prepare for the next one, which he expects in 2019. Please contact us for further queries or subscribe (on the right of this page) to receive further updates.
We're please to share our research report on MGM Wireless (ASX: MWR) after the launch of their SPACETALK Kid's smartwatch: Please click here for the report:
After a solid run higher in equities its time to begin to taking profits and considering index shorts. There are some serious short-term bearish signals for the ASX 200 and the small caps will be caught up in this. Be prudent as when volatility spikes, liquidity plummets especially in small caps.