Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (63569)	5/6/2005 12:21:51 PM
From: Moominoid	Read Replies (1) of 74559

Moominoid, Re: "new stores ect." Maybe the real estate boom has just been rolling around the country from place to place like stock market trends move from one sector to another. The place I mentioned has been in boom mode for over 20 years and even a lot longer if you count the underlying local industrial boom. It needs to slow down there as all that growth is causing many problems. Here it is a question of rennovating old buildings for new uses in downtown and demolishing old houses and putting up new condos etc. House prices are moderate though the highest of the metro areas in upstate here in Albany. In another post you said you were buying News Corp. Is that from your method? I notice the ADR (NWS) turned up five sessions ago on good volume; three out of the last five have been positive per IBD charts. Doesn't ole Rupert own about 85% of the stock? And I think NWS owns most of Clear Channel (CCU) which has really been in the tank lately. That chart looks good, for the very recent period. I'm buying in Aus. The chart looks different in Aussie dollars (check nws.ax) with a massive ending diagonal/wedge over the last 3 years coming to an end: finance.yahoo.com I got a buy signal a couple of weeks back, which I now understand why that was a mistake. I bought more now almost right at the bottom, with another buy signal - this one confirmed with the new refined method. I kept my Aussie accounts partly because I expected the Aussie Dollar to rise (which it has) and as the Aus market trades in the US east coast evening it can be convenient. Also some things are possible there which aren't in the US... I like News Corp because it pretty closely tracks the NASDAQ index and is very liquid. I just saw some FA media analyst in print saying that he thinks it is a great buy though the accounts are pretty puzzling always. My feeling is Rupert doesn't want to pay a lot of tax and so the earnings aren't as big as they really are. He doesn't own 85% more like 25%. Also it is no longer an ADR. In November, News reincorporated in the US. The Aussie shares are now the equivalent of ADRs over there. News doesn't own Clear Channel. They are in Fox, Direct TV etc. finance.yahoo.com AE Harris Trust is Murdoch. He is very fond of complicated nested corporate structures. My brother actually works for a News Corp subsidiary. So I'm one of his bosses LOL David

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