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The Big Boys, page-36

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19/04/15

13:58

Post #: 15114229
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Originally posted by Orwell ↑

Hi Success41, to get back to you on your earlier post:

I've traded Ansell before, but I'd consider it an industrial stock rather than healthcare sector. Not sure what sector it's offically included in, just the way I see it. It's had a massive run up, of 50% since Oct 14 to hit it's prior all time high. That would normally form some resistance and expect to pull back from there. I haven't done any recent work on it but would suggest you're correct to wait for a decent correction.

As for healthcare stocks generally they've all had terrific runs although each of the majors have different types of chart patterns. The way I think about the drivers of healthcare stocsk though is firstly that they were the go to defensive sector during the GFC which largely insulated them for the big sell-offs. Then they came off a bit as the fear receded and the market got some confidence back. (I'm thinking about CSL as a proxy here for the sector). More recently it's been the lower dollar that's given them another leg up, as well as low interest rates pumping all assets prices. The dollar could still drive prices somewhat higher, but most of the gains are done now and the sector has run incredibly hard. I'm tending to wait for shorts in this sector now and past trying to get on board the run up.

As for the ageing baby boomers, that's been supporting them for the past 5 years and its a 15 year storey or something. The first of them born 1946 are 69 years old, but it's still a longer term story and not really a tradeable position for the next 6mths to a year. If stocks are over-valued then that theme won't save them from a pull-back.

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Heraclitus bought a stock to my attention that I got a few shekels out of earlier this year MND . Unloved sector but well managed stock.

I was wondering if the chartists had any ideas where this could be headed if the market isn't all that flash . This is a stock I would want to be in if sentiment ever turned in mining services

XMD Value at posting: 5,264.0
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The Big Boys, page-36

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