Club Mulgoa

Tuesday, August 14, 2012

ABU

When a good announcement is made by ABU, either it goes up a bit, stays up a few days and then starts to fall (like today) or it remains indifferent.

Why the share price trend does that?  I don't know the answer but I can tell you that if I am wallowing in cash, I know where to pack it when good stock tumbles.  Remember, it won an award recently at a miners' conference in WA recently for being outstanding, yet....

But if I am tight and cannot afford to gamble, I would always park the dough in any of the big four banks.  The dividends have been good from them, consistent and increasing.  Watch CBA this week!

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