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Energy Resources of Australia (ERA) was the worst performer with a negative move of 18.2%. Among the worst performing stocks for the past trading week (week 13 for 2008) on the Australian sharemarket were a mixture of child care services, mining, energy and financial services: ABC Learning (ABS), Lihir Gold (LHG), Fortescue (FMG), Energy Resources Of Australia (ERA), Macquarie DDR Trust (MDT). These worst performing stocks for week 13 of 2008 were ranged from 13.8 percent to 18.2 percent in their losses.
Allco Finance (AFG) was the best performer in the sharemarket taking in a 113% increase in their share price for the week. Among the best performing stocks for the past trading week (week 13 of 2008) on the Australian sharemarket were a mixture of finance and real estate: Allco Finance (AFG), ING Office (IOF), Valad Property (VPG), Transfield Services (TSE), Platinum Asset (PTM). These best performing stocks for week 13 of 2008 recorded gains above 11.4 percent by the end of the trading week.
Predictions and Recommendations

Australia and New Zealand Banking Group (ANZ) has a neutral stock recommendation with a 12 month price target of $24.38 from sharemarket analyst Macquarie Research Equities.
Australia and New Zealand Banking Group (ANZ) – Wing Lung Deal and a Prayer?!
Here is a update on Macquarie Group from Australian market analyst UBS.
Macquarie Group Ltd: Solid FY08e Result Expected, All Eyes on FY09e CommentaryMQG
Latest Feature Trading Blog

What the Turtle Trader trading book does is question the age old debate between nature versus nurture. Do genetics and people’s innate qualities predetermine someone’s success in the markets? Or is it someone’s personal experiences from learning, interaction with peers and direct personal practice with trading the markets determine success?

I was asked recently about what they should do when you are trading and come up with a major loser of a trade. A major losing trade is a trade which you just let go to run its course. It is no longer part of your trading portfolio but has migrated into your investment portfolio by default. Instead of cutting your losses short as every trader should do, by calculating the exact stop loss level to exit at, you held on with hopes that the price will reverse and start heading the direction you wanted it to go to.

Like many of those who are engaged in this kind of trading business, I strongly believe that we are presently in the super cycle of the global commodities as we generally see the commodity prices upward trend that is expected to remain the same way for at least 10 years. This is important to keep in mind before we can really examine the different factors that influence the trends of the global commodities. While we may corrections that are only short-term, the substantial growth in the trend is still ahead of us.

This will be a “live book review” of the “Complete Turtletrader” by Michael Covel. What's with the sideway's book cover? Well, this book will definitely change your perspective! I will be jotting my thoughts and impressions of the book as I read through the chapters of the book and highlight some notes for my (and your) benefit.
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Date added 17-05-2008 - Counter Bids on Westpac and St. George Deal
Date added 14-05-2008 - News Corp Reports Profits in Q3
Date added 09-05-2008 - Energy Resources of Australia (ERA) Worst Performing Shares for Week 13
Date added 29-03-2008 - Allco Finance: The Best Performer for Week 13 of 2008
Date added 29-03-2008 - Allco Finance: Worst Performing Stock for Week 12 of 2008
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Date added 22-03-2008 - Financial Services: Worst Performers for Week 10 of 2008
Date added 08-03-2008 - Best Performers for Week 10 of 2008 - Mining Companies
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Date added 23-02-2008 - Worst Australian Stock Performers for Week 8 of 2008
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