THURSDAY
Opened more positions today. I now have
SHORTS – AZJ, JBH, TAH, WHC, GNC
LONGS - AEU, IAG, WPL
Some movements either way, but on the day about even . AIG – i was really pleased to have one of my favourite stocks back.... it dropped a good bit today and i caught it right at the bottom, at a level just below the lower line of its trading band..... –whether the price decides to continue on down – don’t know...... But hopefully it will continue on upwards within its upward trending trading band .
To me AIG is excellent value as a long term hold also.... it has a PE of approx. 11.0 and and a dividend yield of 8% (including franking) ...... its earnings and dividend payouts have been fairly constant over a number of years.... AMMI insurance is one of the companies in its stable...
With the downward movement of our market today the ALL ORDS has now moved well into the lower region of its two month, now horizontal trading band.
