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6,436 Posts.
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22/05/14
10:55
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buyer beware at these levels (9.87).
insto market switched from growth to cheap pe brands 2 months ago - not many around so the cash surge for them is big.
its a good yield too so smsfs will be chasing it on buffett theory.
same guys were smashed at 11.90 and now be goign again.
normally id have agreed the 9.04 was the bottom. i bought at 9.08
but abbotts budget is about to slash huge amounts of core coke purchases, assuming it makes it through the senate.
im now out
the growth trade will come back into vogue in a month or 2 - and ccl will go back to 9.40ish i reckon, as asset allocation widens.
then it will all be about whether new ceos improvements can outdo abbots destruction.
ty tony. ty joe. ty ballboys
more unrequested opinion at 11
