buying, page-3

Unlucky,

Yes - long term it will be worth more than it is now, or even more than the heights of last year.

In addition you will get a decent dividend every six months.

ANZ however has the highest risk profile of the big four banks - it is opened up to Opes Prime, Bills Express/OnQ, Tricom, Chimera, Austindio (ARX) and a slew of other bad or failed investments.

School is also out on their Asian strategy as to whether it will be good for them long term - I think this one could be a winner (getting in on the ground floor of growing economies such as Cambodia and Vietnam).

Overall, I think that it still probably can continue to hit 52 week lows - it has done it like clockwork over the last couple of months and I can't see anything that is going to change that all of a sudden until the world loves financial stocks again.

Waiting for an unambiguous sign that Financials have seen the worst of it behind them I think would be prudent for a long term entry into the stock - this may mean that you miss a sub $17 entry - but also means that you won't have to ride it lower.

HTH

Cheers