notice of merger closure, page-5

EMC2 - good to hear from you.

Re BIP - Pure speculation but I support a view that it is potentially (hopefully) only a sell off from Aussies as SP downward on ~ double (or more) the volume prior to 8 December.

Also posibly some profit taking off the back of a big run up of 30% ( peak 45%) since mid May.

BAM up ~ 40% over the period.

Both BAM and BIP up ~ 100% since Jan 09 but BAM has a better recent form line.

Another consideration is the dividend BAM @ ~ $0.50 while BIP @ ~ $1.10.

Read on another forum that it may be better holding the 'parent' ie BAM rather that the 'satelite' ie BIP. Also BAM based in Cananda while BIP in Bermuda! This could be a biggie as Bermuda far less controlled.

I will be holding and OK down to ~ $19 before start to get any concerns as this stock appears to exhibit this type of pattern i.e. retreats and then climbs again.

After all the 'chart speak' above, it will be interesting to see the financials for y/end 2010 as Dalrymple Bay looking very good.

BIP also got PIH for a steal - so this should go well for future profits. Also, would like to see them replicate the 'job' they did on PIH elsewhere :)

Another comment from a blog "Over the past 20 years, BAM delivered a 14% annualized return to shareholders. In the last 10 years, it's done even better, delivering a 24% annualized return." Mayer sees BAM trading right now near its net asset value of $30.00 and considers it a hold. I agree, but will definitely be looking for opportunities to buy more for the long run on any dips to $25.00.

Hope all this helpful.