According to CommSec data biggest exit insto was CBA - listed as...

According to CommSec data biggest exit insto was CBA - listed as holding 17% in May 2007 & Nil now - last 6% early in Jan. Citigroup, JP Morgan Chase, Lazard & NAB sold out their 5%-6% stakes in Sept 2007. UBS completely jumped ship in mid-Feb & we all know what happened to Eddie's stake. Temasek has become a major holder; Vanguard is in; NAB & Lazard are back but no sign yet of CBA, JPM, UBS [broke?] or Citi [also broke?]. Could surmise that a stake in ABS will now be in competition with these instos => UPUPUP!

Even if ABS takes a breather Friday the astrology charts are all good:
. One day and two day versions of the latest GANN swing chart shows higher swing highs and higher swing lows - traders see that as an up trend.
. The 50:30 day Stochastic shows ABS as long term oversold & has generated a cross that is a buy signal.
. DMI indicator has a bull cross.
. 330 day Elliott Wave projects to $3.62 - $4.42 by June12.
. Volume on up days has been progressively higher & volume on last 2 down days was very low.

Then there is the effect of the budget on ABS's fortunes!

All => confdence in ABS is returning.

4YIO - NoFinAd