pattersons report 13112008, page-7

everything got hammered today,

but yeah, mae got a double dose.

Why sell????


What wnker keeps selling these stocks? WHat forced liquidation is occuring???

The volume on MAE has gone up to several mill since the 31 oct, from half a mil typical.

AMP must be done with surely? Only had 15.5 odd mill shares.

Other majors as nominees, ANZ 15 mill, meryl Lynch 9.5, Citi 8, JP Morgan 7, DJ&C??? 5, Leagou 3.5, UBS 3....

There has been about 39 mill shares go through since 7 Nov, when the sell off into millions began decending.

Is MAE getting shorted???? Only problem with that is its already so oversold, shorters would be game.

Then again, if they can se the volume is still unusually high, means the seller isnot done with, and they are just catching its down draft.

Looking longer term,

What comodity do you turn to?

Show me the companies with the sales in place, and the infrastructure, to achieve great growth through earnings expansion.

Agriculturs, and energy stocks for mine.


Onto the broker reports.

MAE - Pattersons 13 Nov, BUY, valuation 157cps current 13c, MC 42mill.

STX - Hartleys 6 oct, BUY, valuation 80cps, current 16c, MC 53

RFE - Hartleys 18 AUG, Spec BUY, valuation 193cps, current 23c MC 20.

All three of these peers have massive earnings growth ahead to 2009-2010.

MAE for 13c is an absolute joke. Got some yesterday at 19 thought i did well, and friends got some today at 14.

This is a sector to HOLD tough on IMO.

cheers