You are viewing:-
you're reading...
1.Market Observations, 2.share trading, 8.Was Sticky

7 Aug 2019 (TheAge) – WAAAX off: Tech wreck leads the market rout

(7 August 2019, The Age, Business, p23, By Colin Kruger)

ASX 2-day rout - All Ords down 4.4% (Brainy)

ASX 2-day rout – All Ords down 4.4% (Brainy)

‘Australia’s high flying tech stocks bore the brunt of Tuesday’s market rout, lead by global logistics tech group Wisetech. It was one of four of the so-called WAAAX stocks – the others being Appen, Altium and Xero, – which have collectively lost more than $4 billion in market value after each had hit a record high last week. The other WAAAX stock, AfterPay Touch Group, has also suffered in recent days although its peak was reached in May.’


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: