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Re: [sharechat] AIA TA chart and FA question

From: "ryanrite" <>
Date: Sun, 23 Jun 2002 10:06:14 +1200

I have been topping up
It only one way it can go
Remember the 50c share coming up
and the sale will show the price of a good well run company
with lots more land to development still (hotel on the way)
----- Original Message -----
Sent: Saturday, June 22, 2002 5:51 PM
Subject: [sharechat] AIA TA chart and FA question

AIA is a company I have held for some time and a company whose fundamentals I like.
I've been watching it closely looking for a good opportunity to top-up. Had dropped quite low June 6 but climbed again, showed support at $4.42 and broken through tentative downtrend. Long-term chart shows good growth especially if you exclude the 9/11 effect. I have had a hell of a job trying to figure the markets reasoning behind downgrading the stock subsequent to the cap re-payment announcement 10/5. So I bought some more at $4.54 and felt quite comfortable.
Remember I am long-term and looking for good entry points rather than trading at this time.
Then comes the announcement that the ACC are unloading their 26% and down she goes Trev!
So did I screw up?
I don't know what the long-term effect will be of the ACC sale. It may be that a beneficial buyer will come in, someone who is actually able to enhance the value. I am still comfortable that it's a great company and there may be another good opportunity to get some more at a good price. I'm not going to average down though. I'm going to keep an eye on things and when the dust settles and there looks to be a good confirmed turnaround and up-trend I'll likely top-up.

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