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sell side weak - stage set for rally

  1. munch

    3,567 Posts.

    Well this is what we were waiting for. A growth stock still making high profits with high cashflow and dividends that gets punished in a bear market for a small profit downgrade. Now we get a PE around 10 with a high chance of solid growth in 2003.

    The dumping has stopped and value fund managers have taken large stakes.

    The sell depth is thin, all we need is a spark for a major rally in this stock.

    Plus we get the 6.5c dividend next Friday.

    What more can you ask for?? The best opportunity I've seen for years.

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