Australian (ASX) Stock Market Forum

The Bounce

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19 April 2005
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I fear in Australia we take too much lead from the states. Our market will do fine today and for the rest of the week. We must be weary as it is reporting season in the States, so the bad results will pull the Dow and Sp and Nasdaq down and then us because we follow their lead.

Resources are coming off as China is now being forced to revalue its currency. Sectors like retail will come back online now after ebign average for a while.... but still the play should be on recreational property, I mean hotels, apartments etc. watch for BJT babcock and browns new Japanese property vehicle, coz of IR is Jap they have geared 50%, so the returns will be huge on equity
 
MAMMON said:
watch for BJT babcock and browns new Japanese property vehicle, coz of IR is Jap they have geared 50%, so the returns will be huge on equity

Japanese property does sound good to me and I have to tell I have no idea about it, but because I like following shares I want to include in this thread the current price for BJT = $1.12 (19/04/05)
 
If we could only forsee when the bounces occur there is a lot of money to be made in this volatile market.Could easily have made 20-30% today alone, if only I had the guts this morning to press that buy button----almost did but chickened out. :banghead:
 
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