best safe recovery story of 2012-13, page-30

Rabbit, I agree with you 100%, your method is looking for short term momentum plays. PPT fits nicely into that category. People will get sick of term deposits, as 4-5% doesn't justify the risk one takes with buying those products.

I've taken a small short position, as the stock has a price target of $34.50-$37, and it's in that band. We're likely to see distribution here unless PPT can pull a rabbit out of the bag and make at least $2 to justify the current price. From -50 cents to a +$2 turnaround in earnings is a tough ask. You'll notice PPT are doing more selling than buying on market (ORL being their latest stuff up), which indicates their funds are still under pressure from investor redemptions (mostly from the super industry). People are more inclined to set up their own super funds these days, so that tap of easy money is being shut to PPT.

AMP gets a lot of its profits from sovereign and corporate bond yields, if yields are dropping as they have been, then it's hard to see how AMP will make coin.

HNY to you too rabbit...

I see you're on MQG too. Same goes, that's probably got a couple more dollars to run before it hits the wall too, I'll be there to short that too when it does. OGC has become a disaster story for them, they thought they could flog that dead horse - they thought wrong.

"people will look for fund managers to lose their money for them" CLASSIC :D