By Michael Gable <\/p>\n
We mentioned again last week that the fall in the market will bring out the smart money, using the bid for our stock Veda Group ((VED)) as an example. Well we've seen it again. M2 Group ((MTU)) which is one of our recent recommendations soared over 13% yesterday on the news of a merger between it and Vocus Communications ((VOC)).<\/p>\n
As promised, August reporting season has provided us with all sorts of information to uncover investment opportunities. The other company to report well and to tick our boxes of strong fundamentals and strong technicals is ARB Corporation ((ARB)).
\nThe market is still too volatile for the retail investor to commit 100% of their hard earned savings to, but these recent events with VED and MTU show that we have to keep an eye on it because there will be opportunities. Its just a matter of time.<\/p>\n
Today we look at IPH Ltd ((IPH)):<\/p>\n
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When we last looked at IPH on 7 July, it was trading at $4.59 and we were targeting a break above $5 to indicate a resumption of the uptrend. The depth of the previous range was about 80c – 90c, and since the break the stock has gone up twice that amount. Usually that would be a strong area of resistance. We can already see the stock stalling at current levels. It is not reversing yet, but we wouldn’t be buying any more up here. It is worth keeping an eye on it and a retest of the breakout would be the next buy zone for IPH.<\/p>\n
Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em> Michael assists investors to achieve their goals by providing advice ranging from short term trading to longer term portfolio management, deals in all ASX listed securities and specialises in covered call writing to help long term investors protect their share portfolios and generate additional income.<\/p>\n Michael is RG146 Accredited and holds the following formal qualifications:<\/em><\/p>\n • Bachelor of Engineering, Hons. (University of Sydney) Disclaimer<\/em><\/strong><\/p>\n Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities Pty Ltd is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and\/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.<\/em><\/p>\n
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\nMichael Gable is managing Director of Fairmont Equities (www.fairmontequities.com<\/a>)<\/em><\/p>\n
\n• Bachelor of Commerce (University of Sydney)
\n• Diploma of Mortgage Lending (Finsia)
\n• Diploma of Financial Services [Financial Planning] (Finsia)
\n• Completion of ASX Accredited Derivatives Adviser Levels 1 & 2<\/em><\/p>\n![\"\"](\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/fairmont%20logo(1).jpg\")
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