do you want to hear a joke?, page-12

Like most punters, I was quite surprised to see acl drop more than 5% after an initial rally.

When I stood back and considered today's news I felt a little easier about the situation.
1. Mumbai terrorist attack
2. Moodys warns on increased risk of US credit default
3. Italian banks in freefall and heightened risk of credit
default for Europe's 3rd largest ecomomy.
4. Asx down .5%.
5. Talk of a probable capital raising.

Oh, and apart from all these macro problems, you have the usual profit taking from traders. Let's not forget that a lot of traders would have picked up acl for 55-60c in the last fortnight.Why wouldn't you lock in a 30% profit in 14 days? Not bad in my mind!!!

Even I was hoping to offload a small parcel to lock in some profit, but after dropping my sell price 3 times and still missing out, I took another look and realised that this company in going to be pulling in the cash in a few months, is de-risked, and has so much more in the pipeline.

Well, to cut a long story shorter, instead of selling a part of my holdings, I found myself buying more, at 75.5c.
Seemed like a no-brainer to me. Time will tell.