CFDS: AMP, WES
by, 30th-October-2007 at 06:25 PM (4447 Views)
Topped up AMP on todays weakness. Happy to hold for a while. The furthest i can see it sliding is $10 but it usually has very strong support is from where it is now.
Also bought back into WES. The div yeild + franking credits are still over 5% with ex date on the 8th so i can see it getting pushed up another couple % before the ex date.
Every 1% it rises the div yeild falls by 0.5%. so im predicting a 2 - 3% rise from here.
This is all providing the market holds up.
I might get up early tom morn to see wat the Fed does, and possibly put a couple contracts on the DOW.
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