The Great Big Sharemarket Stocktake Sale

The sharemarket stocktake sale doesn’t come around too often. The last one was after the September 11 attacks (2001). So, naturally, last week when the global sharemarkets took a tumble because of the dodgy loans in the US, I was ready to pounce on some super bargains.

Pubishing & Broadcasting (PBL): $16.520

Australian Stock Exchange (ASX): $45.57

Babcock & Brown (BNB): $20.39

Melbourne IT (MLB): $3.00

I thought there’d be another week left in the rot so I didn’t go in as hard as I would have liked. Nonetheless though, I’ve still come up on top so I’m pretty pleased with the haul :D

I’ll probably let go of BNB next week as that is still going to be subjected to the sub-prime loan crisis in the US. Realistically, the fact that the US federal reserve lowered their interest rate by half a percentage isn’t really going to change things by much.

I’m most rapt about Melbourne IT cos I was even considering it at $4.00 a couple of months ago. To snap it up at $3 is unbelievable! Owning Melbourne IT is a bit like owning my own Domain Registration / Web Hosting / Software Development house - hehe

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