daytrade diaries... october 9 part 2, page-14

The Australian share market was slightly lower at noon, dragged down by health care stocks perceived as less attractive in a recovery, and on consolidation after Thursday's jump.

The broader All Ordinaries fell 10 point to 4,752.
Some analysts are saying "The market's taking a bit of a breather (after yesterday). The healthcare stocks are losing out as risk appetite increases because they're perceived as safe stocks."

Centro Retail Group (CER) says it has repaid in full the Galileo America LLC loan facility related to the Centro Shopping America Trust portfolio. Centro says previously restricted cash can now flow from the Centro Shopping America Trust to Centro Retail Group.

The company says it repaid the loan using a combination of proceeds from asset sales and existing cash reserves within Centro Shopping America Trust. Since July 1 2009 Centro has sold seven assets in the U.S. totaling US$97.8 million, with the company’s share being US$93.4 million.

Babcock & Brown Infrastructure Group (BBI) shareholders are to vote on a $1.8 billion recapitalisation proposal announced by the company to address its urgent financial position.

The company says its recapitalisation proposal has been developed in conjunction with global infrastructure owner Brookfield, who will emerge as a strongly aligned cornerstone investor. Babcock & Brown Infrastructure Group will be renamed Prime Infrastructure and management will be internalised.

The best performing sector at midday is the Industrials index which gained 15 points to 3,826. Shares in Seek advanced 3 per cent to $6.53. Shares in Macquarie Infrastructure Group and Alesco Corporation are also higher at midday.

The worst performing sector at midday is the Health Care index, down 145 points at 8,460.

Gold is trading at $1050.65 US an ounce and the Aussie dollar is trading at 90.48 US cents.

12 October
Australia Lending Finance, Aug
NZ House Prices, Sep
US, Japan Canada Markets Closed
AIA Ex div. 5.2c
COF Ex div. 4.5c
CWP Ex div. 7.0c
EVZ Ex div. 0.25c
KSC Ex div. 5.0c
NUF Ex-Div. 15c
NWH Ex div. 1.0c
TWD Ex div. 13c

LSA: Bought some. cash deposits of $8.5 million. Gold, Copper and Coal.
PRR: Q at .185

http://www.marketwatch.com/
http://www.thebull.com.au/
http://www.news.com.au/business/

Have a plan, Trade the plan - The most critical approach to your trading is to have a trading plan and be disciplined to stick to your plan. Your plan should consist of why and when you enter/exit trades, the size of your trades, etc. Stick to what works and repeat it like a machine.