Personally, I wouldn't be placing too much credence in anything Ctindale has to say.
Last year, he had ANZ below $10 before Christmas just past, his predictions all wrapped around a host of flawed theories regarding credit swap derivatives...I might have run for the hills had I taken any note of his (economically speaking) apocalyptic predictions. So confident was he, he extended an offer of a wager to anyone would accept it. I happily did.
Today, two months after the deadline in which he had ANZ hitting $10, ANZ sits above $23 and just announced a $1.6 Billion profit for the december quarter.
