As a purely technical investor I take no credit for choosing this stock, but i checked it out after one of the 'bottom pickers' mentioned it. I liked the current rounded shape and that seductive wobble that happened at the 340 level claimed my attention. The fact that it occurred on the 21/89 dma crossover which is my major guideline was incidental.I bought on the 9th March, 2 days early as it transpires, but am currently up by 9.5%. I have now switched to 7/21 which remains positive and have a note to reload on a pull back to the 21 dma. I don't like the fact that it is lower than in 1999 but as a technical trader i will remain to at least the 7/21 turns down.
I am the "bottom picker" in question - from about R2 - actually "opportunistic value investor sounds better. Just look at AEG's share forum thread for a few of my reasons. Her OZ,NZ operations are her selling point for me. As always - best to do you bottom-up research. Bottoms up!