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Any advice on some great bargains to buy ???, page-7

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grandcaruso

2,317 Posts.

28/08/15

07:44

Post #: 15890664
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Originally posted by grandcaruso ↑

Look at defensive stocks. High growth is gone. I've got my eye on Origin. It goes ex-div today. If over the next few weeks if gets down to low 7s i don't think you can lose from there ( all IMO ). There is a large political component as to why Origin's share price is where it is and that could change in the next 12 months or so. Insurance companies as well. I think QBE goes ex-divvy tomorrow. Again something in low 12s would be appealing. And i don't think the yield game is completely over. Futures markets are pricing a 100% chance of a Dec rate cut. So Telstra and Medibank come into play further down the track. I 'd wait on the banks until they find a floor. My advice to anyone is be patient and take your time. Don't buy a portfolio of shares or a few shares on a particular day, spread out over a period of time.

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I don't know why I bother giving advice when I don't do it myself. Origin went from a low of $7.16 on Tuesday to $8.10 yesterday. Up 15% almost a great bounce trade even though I was talking long term. Anyway , hopefully it will pull back again and give a nice low entry point.
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