Nice post below Nath. One other thing you might want to consider is buying stocks that everyone else is selling because it’s 30 June. I don’t think it’s any coincidence that RHG hit its all time low of 4.6 cents on 30 June last year. Anyone who had owned it since the float would have wanted to sell and crystalise the loss before the end of financial year, which was great news for those of us trying to buy everything we could.
I’ve had quick look through the worst performers of the past 12 months and can’t finding anything I’m interested in buying. But a few of the following stocks might be worth keeping an eye on tomorrow if they’re on your watchlist:
|Stock (ASX Code)||Return since 30 June 08|
|Viagold Capital (VIA)||-96%|
|Centaurus Resources (CUR)||-91%|
|Savcor Group (SAV)||-91%|
|Babcock & Brown Infrastructure (BBI)||-90%|
|Bravura Solutions (BVA)||-90%|
|Becton Property Group (BEC)||-90%|
|Valad Property Group (BEC)||-89%|
Perhaps next year’s 10-bagger is somewhere in amongst the rubble of this year’s tax loss selling.
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