I recently bought FOA at low 18s. If it opens at 18.65 or so, I...

I recently bought FOA at low 18s. If it opens at 18.65 or so, I would be thrilled, somehow I cannot see it as all orders would have been purged after close on Friday.

Chart wise low 18s is a support zone. I hope it holds. JBW also revised down FOAs earnings, but only slightly: -1% for 2004 & -3% 2005, but they still have short term outperform & long term buy plus a $22 valuation.

They could fall below $18, but I would be surprised if it is by much. Right now the market is dumping many of the ‘high growth’ stocks & money may stay in the high yielding industrials like FOA and the banks like CBA.

I am not sure at present & could be completely wrong.