Club Mulgoa

Monday, August 06, 2012

Market responses

If a bad announcement is made, the stock is savaged.  But good announcements often bear no consequences.  BPT, NST, PRU, OYM and CGX made announcements predicting good increase in production/profit, and the market virtually takes no notice of it.  AOQ had discovered 2 dry fields when drilling, so it has been pounded.  RRS didn't discover oil but water and its share price has been savaged.

ABU made great announcements but investors must be becoming indifferent to it.  I have still got a buy at 3.7c so I might still be lucky.

With less contribution allowable this year, my super portfolio is going to diminish in size due to pay-out.

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