The smart punters will realize that the lack of "reporting" will create a buying opportunity ....... anyone who missed the lows will still have a chance at a substantial profit because the US way of doing things is very far detached from the Australian way ............the SP will ebb and flow over the next few months ... the smart money will hold at least 75% of their holdings ...... the "weaker hands" will always give the "punters" an opportunity to get in and profit ... everybody wins in the short term ... the trick is knowing where the true value of the sp lies ...... Harteys are probably close ... but time becomes a factor as well ,,,
If you are looking for short term gains, sell when it hits 45 cents .... medium term , hold till 60 cents .... longer term .... the jury is out on that one ... a buck eighty is not out of the question, but the MIG is questionable over the next 12-18 months ........ many will sell if it gets above 90 cents ..... the real value may not be realised till 2015 ... and the profits may be staggering ..... aint share trading fun !!
ADI Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held