centro will survive regardless of current sp, page-26

Time to take another look at the reasoning behind the more recent lows , either things arent on track as they seem with CNP and it is about to free fall or its oversold on the back of June 30 tax loss selling,shorters and the US jitters post July 1 when I expected an ease in the selling pressure from the tax selling and shorters in the market .

I have a large % ( about 14% ) of my portfolio in CNP, on the back of trying to trade it and getting caught taking a longer term position ,I am tempted to buy again expecting a US recovery in industrials , a surprise rate cut ,and a easing of the oil price to 130 a barrel in the next 30-45 days .

I can envisage bargain hunters re entering the US market in the next 2-3 trading sessions which would be good for stocks like CNP,AFG , and other financial stocks and would be open to others views onthese thoughts .

Was thinking of going to about 20% on cnp at .22 but am open to comments about falling knives , the oil price, internal issues at cnp I am not hearing etc .....bears I ask , tell me why I shouldnt average down.

I hold cnp,afg,abs,cba,anz, bhp,riv, pgc and my short term favourite tls.