Wednesday, June 07, 2006

ASX catches a cold

I love days like today. ASX indexes are down over 2% and fear is entering the market. My sale of NAB at $36 or $37 including options premium looks like great with NAB trading down today to $34. I will continue to stay on the sidelines for great opportunities to present, just like it did when NAB was trading under $30.

Keep powder dry and wait for bargains to appear.