fraught friday, page-51

Rickstar

I mentioned probably somewhere else the other day that buying WOW seemed a given.

OK so it has fallen a little more in the last 2 days but we have to eat and the drop is 23% and only $1 from August lows.

Another dollar and we are over $25% and for a safety stock in bad times it sure is tempting.

Last year I laughed at QBE as it soared like HK and the chickens have come home to roost there.

The likes of BHP have fallen 1/3rd and I am still wary as I think China will not be helpful till Oct.

SO BHP was good value at $32 but may well see $24 if China falters as I suspect.