while the technical picture pans out it is valid to take fundamental factors into consideration. the fol report is worth a re-read as fundamental economic recovery gains ground:
quote
Florence Chong | October 29, 2009
Article from: The Australian
BARGAIN hunting Orbis Holdings has emerged as the largest shareholder in at least five of the worst-performing property trusts listed on the ASX.
Orbis chief executive Simon Marais, a true contrarian investor, sees only upside in these trusts.
This week the fund manager increased its stake in Macquarie DDR Trust (MDT) to 11.87 per cent.
Orbis is on the registers of Valad Property Group (11.31 per cent), Australian Education Trust (16.52 per cent), APN European Retail (17.84 per cent) and two ING trusts -- it has 19.01 per cent of one and almost 15 per cent of the other.
"All these trusts have been through the wringer. There is only one way to go -- up," he said.
unquote
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and the trend continues, page-9
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