Letters of the Week

Small cap shortage. Which bank story to believe? The value of P/E ratios.

Small cap shortage
Thank you, Rachel, for the excellent analysis on the bunch of small caps. Unfortunately, the smorgasbord is somewhat bare at this stage. I scanned your lists, using my Technical Analysis stocks screen, but only Clover Corporation made the grade. Since its spectacular 12.5% break-out on March 25, it has maintained the uptrend with higher highs and higher lows (thanks, it seems, to omega-3 popularity). I also scanned ASX indices XJO & XSO and, would you believe, came up with only six stocks: AHE, IAG, DXS, GUD, MLB and OKN. I suppose this illustrates how tough things are in the market place.

– V Massonic

Which bank'¦story?


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