| | After two years on the canvas, this stock is showing signs of life
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Saturday, 6 July 2024
 | | By Murray Dawes | | Editor, Retirement Trader and Fat Tail Microcaps |
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[3 min read] Dear Reader, Last week I suggested that gold developer De Grey Mining [ASX:DEG] could be a good bounce back stock after the June tax-loss selling season was over. I also had a look at Weebit Nano [ASX:WBT] but said it needs to have a weekly close above $2.78 before the odds of more upside increase. De Grey opened the week at $1.14 and shot to $1.22 by Thursday, so hopefully you managed to grab a few early in the week. It’s still a case of searching for needles in a haystack at the moment with stocks drifting sideways for months on end. Oil, copper and gold have been performing well, with rumours of Chinese stimulus once again doing the rounds. I kick off today’s Closing Bell video by looking at a comparison of the S&P 500 and the S&P 500 equal weighted index over the last 10 years. It will make it very clear for you how much impact a few of the biggest stocks are having on this rally. Continue Reading... All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment. |
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