Funny, this happened in the August reporting season

[markrmau]

Companies seemed to give good results but were trashed by the stockmarket anyway.

This time: QAN, PMN, ALL, BSL....


Last time from memory QAN, PMN, WMR, ...


I must admit I sold my NCM today because I think the same thing will happen when they release results on 27th. (However when I buy, the stock goes down and when I sell it goes up).

 

[Warren Buffet II]

Companies seemed to give good results but were trashed by the stockmarket anyway.

Hi markrmau,

I think what is happening here is that the large funds are getting into this companies well in advanced to the results date and then they start getting profit from it even if they announce good results.

They are eating small fishes here, people have been placing a lot of money in the sharemarket because of the result season and the big fund are just cashing on it, leaving small investor with better than expected divids yields but with less money in their pockets.

I also think that the market is jumping on any news good or bad and I personally believe that the next 1 or 2 months are going to be the hard ones with the interest rates increased.

Regards,

WBII

 

[RichKid]

Yes, looks like a lot of the good news has been built into the sp before the annct so any annct will have to really surprise for the sp to keep going up. Have also noticed a fair bit of volatility in some of the blue chips I've been following. Look at AMP, turned the corner but results were more or less as expected and now it's fallen for a few days.

I expect some sort of allords correction before long, interest rate hikes may be the trigger.