Oh yeah, i added. Crikey, there I was expecting a bloodbath this morning and its got the biggest rise in the index on it.
short resources long geared infrastructure has been a tough call in the last week listening to all the bl00dy stupid analysts. Get a load of Charlie Aitkin. Just broken $3.16. Expect a pullback tomorrow which will be a buying opportunity.
The selldown in high yielding stocks really had the inverse internet bubble feel about it "whole new paradigm" only on the sell side rather than the buy side. In a bear market high yielding stocks are the safest place to hide, as unleveraged investors have a rationale to hold through the carnage.
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macquarie communications infrastructure group
weekly chart of the week, page-10
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