I made more money during it then any other period in my life.
Anyone who thinks a GFC2 is happening is wise to sit on the sidelines.
However if it doesnt and its merely media hype and noise well its a different story.
Esteon summed it up well - situation = fragile and uncertain.
A huge difference between GFC1 within ADI and GFC 1.25 within AUT is that during GFC1 ADI was still involved in speculative early delivery technology.
A lot has been learnt and the technology is now actually delivering consistent growth in asset values.
Thats a monumental difference, and cannot be underestimated. By the same token if this is GFC 1.25 then investor irrational behaviour and herd mentality should not be underestimated either.
Personally everything im reading still is pointing towards a fragile and volatile mid 2010 with recovery firmly entrenching in Q4 2010 and Q1-2 2011. Mind you they are only commentators, but its the general sentiment at present imo.
At present i have no fears for AUt, but if i where holding stock speculating on a decision, ie, speculative drug technology etc id be worried. AUT consistent development of energy with proven technology is all good at present.
AUT Price at posting:
78.5¢ Sentiment: Buy Disclosure: Held
