in the crosshairs, page-6

Yes moyle, I think both of us could be correct depending on what happens and how the mood of the market goes.

If the market remains morose and shattered then even a strongly performing NZO will hardly stir the market into appreciating its value.
If the market sorts out some of the problems and stops its tendency to go into free fall then there is the chance for a share like NZO, with strong cashflows, to be attractive and get support fairly early in any rally in the market.

The problems appear to be getting more entrenched and people are more jittery. Seeing people lined up outside that Californian bank waiting to get out their money was very reminiscent of the 1929 Crash.

So it remains to be seen how the next month or so goes.