Ann: Appendix 3Y - Davies, page-11

4traders says just about every company is a buy. Looking at all the broker comments the consensus is that 50 cps is fair value and none are saying that SXY is worth more than 51 cps. I'm sure that will change but right now why would you buy any company that has such limited headroom? Does anyone really think it will go above 50 cps next week? If i can't make at least 10% it's not worth the risk so for me SXY is not a buy above 44 cps and I expect to buy at that level next week. All my opinion of course.