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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Juan Parami who wrote (72)	7/31/1998 10:19:00 AM
From: Moominoid	Respond to of 96

.You must be kicking yourself for selling at $3.98. I think Les2 may be a little optimistic for a $9.40 target in 12 months but $5.50 by September 98 is my call. No I'm not kicking myself. I never intended to pay the second installment for all my shares - Telstra was also beginning to be too large a part of my portfolio. On the other half I still have I wrote a $3.75 call (expires August) and so effectively sold them for $3.96 if the price is at or above $3.75 at expiry. At least you give more reasoning than Les2 for your opinion. I also have shares in AAPT which I will hold long term. Colonial has also been a good stock I'm holding on to. Just put money into the HIH float. That will probably be another shorter term play. If there is a market correction I'm more likely to buy more Colonial than buy back Telstra. Very short term I'm looking at index put warrants.... David