'you know what they say about catching a falling knife'
Yes, it's extremely lucrative if you know what you're doing. I do it all the time
Now, just so you are all aware, the biggest volumes on Friday were chomped up by top instos @ an average price of 98-99c (you can get access to these reports yourself). I would suggest you all take this current negativity with a pinch of salt as I doubt they would spend millions if there were cause for concerns - their risk profiles would not allow it
But if that doesn't soothe your worries, have a dig in the current estimates for future earnings and run those numbers by sector averages and then tell me $1 is expensive
I don't often put a buy sentiment (just check my previous posts in other threads) and I wouldn't if I was still accumulating, but I'm done - so there you go
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Media Reports & SP manipulation and a brief excerpt from a Senate Inquiry (ASIC/ASX), page-55
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