why continually ramp anz down??, page-25

Ctindale

Even a child would know that not only ANZ but major bluechips are in downtrend.

I derived about ANZ rating from Eureka report written by one of the institutional investors - that foreign investors rate ANZ as cheap comapred to its book value and Net tangible assets.

And this can be clearly seen from the way ANZ has fared in the last one week going up from 12 to 15 $. The elliott wave projection is a price level of $ 17 by the 3rd week of Dec.

Longer term not only ANZ but many other bank and resource stocks are going further south to ridiculous levels.

My call was to stop OPES saga and concentrate on the way forward.

Sara