----- Original Message -----
Sent: Saturday, June 22, 2002 5:51
PM
Subject: [sharechat] AIA TA chart and FA
question
AIA is a company I have held for some time and a
company whose fundamentals I like.
I've been watching it closely looking for a good
opportunity to top-up. Had dropped quite low June 6 but climbed again, showed
support at $4.42 and broken through tentative downtrend. Long-term chart shows
good growth especially if you exclude the 9/11 effect. I have had a hell of a
job trying to figure the markets reasoning behind downgrading the stock
subsequent to the cap re-payment announcement 10/5. So I bought some more at
$4.54 and felt quite comfortable.
Remember I am long-term and looking for good
entry points rather than trading at this time.
Then comes the announcement that the ACC are
unloading their 26% and down she goes Trev!
So did I screw up?
I don't know what the long-term effect will be of
the ACC sale. It may be that a beneficial buyer will come in, someone who is
actually able to enhance the value. I am still comfortable that it's a great
company and there may be another good opportunity to get some more at a good
price. I'm not going to average down though. I'm going to keep an eye on
things and when the dust settles and there looks to be a good confirmed
turnaround and up-trend I'll likely top-up.
Cheers
Brian
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