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Excerpt from a Promo email by Michael Gable today. Self explanatory, regarding high cash levels for his high value managed clients due to hit trailing stop losses.
"I was on Ausbiz TV on Tuesday with David Koch and Ben Clark and I was asked about whether we were raising our cash levels for our Portfolio Management clients.
My response was that a number of our trailing stop losses had been triggered recently. This naturally raised our cash levels to 30% - 50% for our average client.
When you think about it, a number of stocks having their trailing stops get triggered was giving us a bit of a warning about what might lie ahead for the overall market...
Stocks that we stopped out of just last week between 9 - 11 December included the following:
PME for a 154.6% gain
360 for a 29.8% gain
XRO for a 14.9% gain
PNI for a 30.6% gain ..."
this might test the retail folks willingness to invest in the ASX during the next two weeksMarket Matters w/e report:
Excerpt, my bold:
Last week was all about the Fed on Wednesday; other news faded into the background as selling fed on itself over the ensuing 72-hours leading to deep corrections that may flow into 2025"
- After closing below the psychological 8300 area, MM adopted a neutral stance towards the ASX200. As we said at the time, “If it weren’t for the seasonal cheer that December usually brings equities, we would be more inclined to adopt a defensive view/stance over the coming months” – in hindsight, we should have ignored the seasonality factor this time around.
- The ASX200 is down 4.38% month-to-date, putting it on target to deliver a rare negative performance into Christmas.
CROMWELL COMPLETES SALE OF EUROPEAN FUNDS MANAGEMENT PLATFORMCromwell Property Group top of the pops today? Weird.
West Africa Resources the lowest of the low. I guess St Barbara isn't in the ASX200?
Via Market Matters
View attachment 190038
So they might be able to reimburse my investment?CROMWELL COMPLETES SALE OF EUROPEAN FUNDS MANAGEMENT PLATFORM
Cromwell Property Group (ASX:CMW) (Cromwell or the Group) today announces the successful completion of the sale of its European funds management platform and associated co-investments to Stoneweg SA Group.Initially announced in May 2024, the transaction covers all components of Cromwell’s European business, including the 50% interest in Cromwell Italy Urban Logistics Fund and the 27.8% interest in Cromwell European REIT.
The strategic move is consistent with the Group’s commitment to simplify the business
.The exit from the European business allows Cromwell to concentrate on its core competencies in Australia and New Zealand, and positions the platform for future growth.
Authorised for lodgement by Andrew Murray (Chief Legal and Commercial Officer) and Michael Foster(Company Secretary and Senior Legal Counsel).
Ends.
i hold CMW
now i have a very unfavorable view of Europe ( and real estate in Europe ) currently
while the news did not tempt me to buy extra , it did put a slight smile on my face
maybe ( i hold and am down a fair bit here as well )So they might be able to reimburse my investment?
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