sp recovery, page-5

The rises over the last month or so would be influenced by the "dividend chasers" returning to the markets. I thought that shareholders chasing dividends after the last interest reate drop would have immediately started to buy what I call the second stringers eg those stocks with pretty good fundamentals paying good dividends and posessing a more than reasonable chance of some capital growth. It took a bit longer than I thought it would because "advisers" have still been sprouting the 4 major banks, telstra, wesfarmers etc but in the last month or so there have been lots of the second stringers charging on eg MTS, TOL, BEN, TAH to name just a few. I bought all these a few months ago and I'm starting to have a nice little ride on them all capital growth wise and the divs will all be good and 100% franked makes them even better. I expect there to be a reasonable run in the market whilst interest rates remain low forcing anyone with money to invest/or live on back into the maket especially with not a lot of bad news/less risk happening. Probably a few stops and starts coming up to June but I see a big rise in our market after June when we go from 9% to 12 % into super - that extra 3 % will be a lot of dollars they will be investing in the market especially the top 200 players. Just my opinion guys and happy to be told I'm wrong.
Warren