Hi finch2Re; ..."Well looking at the chart on ABC it is trading...

Hi finch2

Re; ..."Well looking at the chart on ABC it is trading at its lowest price in 7 years. Last traded at this price in 2001 when net profit was $3 million." ...

Agreed. I am willing to use the current volatility to trade for short term profits but the main tranch I bought earlier remains in my SMSF investment. IMHO the SP is already absurdly low & if SP collapsed ona trade I will just sit on it!

IMHO many of the fundamentals have returned to the position they were at when ABS was priced at over $8, albeit with a bullish market sentiment [unless there are things we don't know about, which have been rep[eatedly denied & would theerfeore be very naughty].

4YIO - NFA