And No I have not bought - was looking to jump in @51.5c but saw a better bargain at DVA so did a bit there and when I returned to review PGC it was back up to 52c.
So I missed an opportunity but think this market may well provide one later this month or next. I think given what I have seen today I will stay on sidelines unless it drops to below 50c and then will buy.
I think that the RBA is incorrect in trying to say that 2% is the bottom , You dont know what you have to do to stimulate an economy and if you are above ZERO then anything is possible. personally despite the housing bubble I think we will see at least one more cut before this ship ( Australia - badly run with a captain who is so out of touch and a ships engineer who wants to smoke cigars rather than listen to the engine noise) steadies itself.
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