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1.Market Observations, 2.Strategy, 8.Was Sticky

6 May 2017 (AFR) – Investors try to look past confessions, not yet ready to sell in May and go away

(6 May 2017, AFR, p21, by Sarah Turner)

‘Investors aren’t quite prepared to follow the old saying “sell in May and go away” despite a week of ugly profit downgrades that sparked dramatic share price moves. Junior telco Vocus Communications, packaging firm Pact Group, footwear retailer RCG Corporation, Fairfax Media and casino operator The Star Entertainment Group were among the companies to warn of tougher tradingconditions. Many used this week’s Macquarie investor conference to break the bad news in what has become an annual confession season. Vocus’ shares plunged…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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