Vector Vest SA July 13 User Group
The document summarizes David William Paul's presentation to the VectorVest SA User Group in July 2013. Some of the key points discussed include: - The US dollar was expected to strengthen against other currencies like the euro and pound in the coming months. - Falling gold prices indicated deflation was more likely than inflation globally. China's credit crunch added to downward pressures. - David's various investment funds performed well in 2013. His model portfolio contained undervalued shares with good fundamentals and upward trends. - Mining shares like Anglo and Billiton were discounted due to a slowing China, contrary to predictions months prior that their prices could not fall further. VectorVest ratings correctly identified downward pressures before
Vector Vest SA July 13 User Group
- 1. VectorVest SA User Group July 2013 Written and presented by David William Paul
- 2. Dow No Distribution Still on the way to the top line
- 3. Dow
- 4. Dow
- 5. Euro$
- 6. Pound $ 1.15
- 7. Gold Due for a bounce thats all
- 8. $ Rand Substantial weakness ahead. 5 wave continuation pattern is ominous
- 9. $ strength The story over the next few months would seem to be that of $ strength across the board. I told all about the trades long of the dollar against the pound and Euro at the last two monthly meeting. The falling Gold price leads me to the conclusion that deflation is more real than inflation in the world. The credit crunch in China adds to the headwinds and adds to the probability of downside there. Thats knocking the miners for six.
- 10. Jse Composite
- 11. Color Guard
- 12. David's Growth Fund in 2013
- 13. David's VST and YSG in 2013
- 14. David's Big Hitters NOW
- 15. My model portfolio When the market gives a confirmed call Up then the following shares are 1. undervalued 2. Have good fundamentals 3. Are trending upwards. I have been very conservative over the last month by getting into cash after the last confirmed. The shares I was holding have done well in a down market. The China situation really scared me. In hindsight I would have been better to have sat and just watched the stops.
- 16. Omnia
- 17. HCI
- 18. Pinnacle
- 19. EOH
- 20. Cashbuild
- 21. CCO
- 22. Brait
- 23. Datatec
- 24. Anglo I was told by a gaggle of CFA types that Anglo and Billiton could not go any lower about 6 months ago. These are discounting a slow down to a stop in China. As you can see in the next chart the VV program re rated the share well before the fall. The same was true for Billiton. This is priceless.
- 25. Anglo
- 26. Be careful