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18/03/14
21:30
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etherazer,Michael has me as some sort of MRM guru:)
Perhaps.However in answer to your question,I take no notice
of what the insto's or funds buy,hold or sell.
In short,I don't care,their goals are not aligned with mine.
I back my own strategy.In this case I appear to be vindicated.I thought $2.81 was a good entry and still hold that view.
If one bought for the long term.The dividend ameliorates
somewhat the short term pain of the capital loss.
Small comfort I know,however look at the return.
Grossed up approaching 7% with forward guidance to
maintain the ratio of profits to pay out.
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