This forum has been established to identify trends that if sustained will lead to a permanent market correction in Australia
First we had Sigma (SIP) now some time ago.
Last week we had AGL Energy Limited (AGK) with a 17% downgrade with the MD now out looking for a new job and all shareholders, me included, worse off by a similar amount..
Today's Melbourne Age reports that Aristocrat (ALL) has advised the market that its forecast has been revised to AUD240M, which is 19% below the AUD297M average estimate of analysts and resulted in the sp falling by 14.6% to $11.55.
If anyone sees similar downgrades, I would welcome posts so that we can monitor the trend by using this thread. IMO it will not take many more for the market to become spooked as it has been the strong profit reporting that has sustained the market's strong performance to date.