boutros boutrosghali,I am certainly no expert, and dont...

boutros boutrosghali,

I am certainly no expert, and dont recommend you listen to me!!

Maverick is a favourite of mine but unfortunately no matter how much you believe in a stock - you must go with what the market is telling you. atm market is taking profits off the table and this is very evident with MAD. the more uncertain the market becomes the more it will take out cash and ride out the storm, blue chip or speccie.

now is it a real storm or just a fakey?? europe elections and budget due this week, it is going to be interesting to see how it unfolds.

as for long term, could be still cheap BUT one should trade the market at this point, I am watching and will look for the selling to slow and support to come back in. The next ann is not due for a while so I think the SP may weaken in the short term
otherwise I dont like to make predictions as in my experience they rarely come true!! (at least the ones I make!)

cheers
ba