eddie groves on abc tv now, page-10

Warnie, forget about trying to put a fundamental value on ABS and catch a falling knife, sentiment could send this all the way to 20cps.

My gut instinct also is that it will be a survivor but who knows how low it will go before she begins to correct? Also cant rule out the possibility that as the market cap sinks financiers will be seeking further debt reduction, thus more forced asset sales. The empire could be crumbling before our eyes.

I have got no intention catching the south bound ABS but will be buying a ticket when im convinced she has swung north.