I thought that it was sold down yesterday just because of the doom and gloom in the rest of the market rather than any real change in the prospects for TIM. I thought the presentation from the annual meeting was fairly upbeat about the prospect of asset sales. I am still of the view that if this happens there will be a fairly decent improvement in SP come 2010.
But I also thought there wouldn't be an announcement until Friday and that there would have been more time to buy. Oh well.
In any case, the cheap ones are all gone, now it will take more than 60 cents to buy in.
TIM Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
