interest rates down, page-8

Agree smp71, I would like more down there as well for the longer term.

DJ's may have been a small catalyst but seems rumors of analyst meetings and expectations being placed back in check. Additionally the Euro banks had some portfolios to sell yesterday.

Whilst on the one hand a lower AUD implies better profits it also implies lower revenues as Europe and AUST slow down. Presently the currency is starting to imply a fairly significant slow down. If it goes below 0.90 then you have to assume discretionary retailers are going to suffer.

Longer term the company seems to be changing it's business model and this seems to be bearing fruit, so anything below $3.50 has to be good value over the long term I would think. Markets usually bottom for a couple of months in late Frb/ early March, so maybe that's the entry date