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Gary on SKY News YMYC – 1st November 2011

By November 4, 2011November 7th, 2023Market Commentary, Uncategorized

On Tuesday evening Gary Stone joined Julia Lee from Bell Direct and co-guest Andrew Page on Sky Business Channel’s ‘Your Money Your Call’.

Julia opened the show by asking Gary what effect the official RBA Cash Rate cut of 25 basis points (down to 4.5%) would have on equity markets.

The panel also discussed the flow on effects on CFD and derivatives traders here in Australia on the back of the failure of US brokerage firm MF Global who filed for bankruptcy after suffering massive losses in European markets.

Gary also spoke about the importance of portfolio allocation and the risk of ‘the largest loss trade‘ in an unbalanced portfolio, a subject that Gary discussed in his Thursday blog post.

The performance of the retail sector was also discussed and callers were interested in Gary’s technical analysis and general approach of the following stocks:

    • JB HI-FI (JBH)
    • Woolworths (WOW)
    • QBE Insurance (QBE)
    • Atlas Iron (AGO)
    • Fortescue Metals (FMG)
    • Continental Coal (CCC)
    • Cochlear (COH)
    • Alkane Resources (ALK)
    • UGL (UGL)
    • Brockman resources (BRM)
    Iluka Resources (ILU)

Senex Energy (SXY) a recent GPS buy signal also made an appearance, and what would the show be without at least one caller wanting an analysis of Lynas Corporation (LYC)

Gary’s next appearance on Sky Business Channel’s ‘Your Money Your Call’ is Thursday 24th November 2011 ay 8pm on channel 602

Double click inside the box or click PLAY below to view the footage.

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One Comment

  • David Lougher says:

    I did enjoy this and now appreciate Gary Stone, comment and prospective. Makes me realise I need technical education

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