A.I.M. Users Bulletin Board

[Neil Scott]

Dive dive dive!

You guys are giving me lots of buying work to do over this side of the world, I've not had this much activity since August last year and all while I was out on the ocean catching some fish on a bloody hot 39C (probably around 100F in old currency) temperatures.
It wasn't 39C on the water, more like 30C but once back on land wow.

I picked up some shares in ANZ Bank on Friday as the bank shares have been beaten quite badly due to the sub prime problems.
Once again the problem occurs more from the blind side in that ANZ had no direct exposure to Sub-prime but they have exposure to companies that do, so they have second hand exposure so to speak.
I have placed a second buy order in for more ANZ at around $18 for monday and I think we may see some wild markets that day.
So far this week, most of my buying has been in the large cap banks along with ANZ I picked up SUN & MQG.

Regards


Neil