Club Mulgoa

Sunday, September 16, 2012

ABZ

This stock has a great future but the problem is WHEN to buy.  Indonesia will stop selling bauxite to the Chinese who has been stockpiling it ahead of that policy.  It wants to develop its own aluminum industry so China will have to find its bauxite source elsewhere.  I asked the CEO if it is too early to buy at the Proactive Investor seminar; he shrugs his shoulders.  But it has fallen another 20% since so I thought it is time for me to move in early this month.  Of course, it can drop further but I am a long term holder so I know I am 20% better off now than if I had bought after the forum.

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