Stronger day today as the seller seems to be drying up. Broadly there was some money going back into defensive stocks today....does this signal a pullback in the market?.....
How about a non cyclical stock like QTM that has prospered throughout the GFC. They have great water heating technology that is being subsidised by governments......People always need hot water it is not a luxury they cut back on. Housing approvals in Australia are starting to rise which bodes well for this financial year. Have a look and see what you think. Eagerly awaiting their full year reports.
Cheers.
QTM Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held