swimming against the tide, page-3

Mita,

If you had read my earlier posts you would have been aware that I was in attendance at a shareholders meeting for a listed investment company who originally owned the shares & as a consequence I also purchased the shares.

Six months later at the next meeting I found that the LIC had, after further investigation, shorted the stock. I was told several reasons why, including increased competition & downward pressure on retail prices. I then sold my shares.

A further six months later I asked the LIC analysts what their price target was for ACR & they answered $1.50.

All I am doing is keeping people informed & am not making my own predictions.

Those who may have heeded my alert would now be much better off. Those who did not are not.

I am not a rep for anyone. I am a self-funded retiree who is reliant on dividends for my SMSF to look after us in our twilight years.