I have posted on the CBA thread that CBA was a dud investment with a yield under 3% when the price went over $160 (it got to $167.92) & that the price would fall significantly. I also suggested that as a longer-term investment SMN would be more profitable.
I sold my last 500 @ $160 & said that would be very close to the top & any buying at that level was a dud investment because of the low yield & major headwind on the share price.
Bushmangt disagreed. I countered by saying "wait until Melbourne Cup Day" before comparing SMN to CBA. If Ross is right SMN will have final approval well before then, but you never know.
CBA Price at posting:
$144.41 Sentiment: Sell Disclosure: Not Held
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