Take a look at other REITS similar to MDT, and just the market generally, most stocks' SP have dived. This a good time to trade MDT as the SP seems to "swing like a pendulum" (even while going down!) in the current market. I will do my best to accumulate as many freebies as possible, at least until March which when I'm counting on some positive news regardig the refinancing or extension of the Head Trust Loan facility.
I have no doubt that February is going to be a very volatile month, but I remain hopeful & confident that these storm clouds will clear - if the GFC was a cyclone, then we are in the cleanup / aftermath period now.
I must admit that even I right now have about 30% cash on the sidelines given the uncertainty of the extent of the unemployment & debt problems of developed nations & the effect that this is having on global markets. Some positive data on the US "Employment Situation" would be a much needed boost, although at the moment this appears a little unlikely. See US unemployment rate graph below:
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If the DOW is down tonight, be ready for a sell off Monday morning. I'll be waiting for the bounce after the initial sell off!
Cheers.
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