Home » Purchases

Fusion Portfolio Buys Westpac

September 30, 2008 11:25 am by Dean Morel
Last Trade: 21.920 AUD
Trade Time: 10:53AM AEST
Change: Down 1.230 (5.31%)

Buys 1000 shares of Westpac. The best capitalised bank coming in and the most likely to survive. I’ve been waiting to buy WBC as noted in an earlier post. Check the dividend history and pick a time that you think represents normalised earnings and timeframe to when earnings will hit new highs. 

I also realised I have only commented on my last purchase and never posted about it. 

Here is what I said

Fusion Investing Fund just bought AKAM for $17.36. 1000 shares.
Also placed a sell Put order for AKAM. Will notify if executes.
And placed sell Put on GE, will notify if executes.
Both for 10 contracts.

Neither executed, but would have the following day. In these volatile times and being time-slipped from the US  market, I’m using day limit orders.

Share and Enjoy:
  • email
  • StumbleUpon
  • Technorati
  • Digg
  • del.icio.us
  • MisterWong
  • NewsVine
  • Yahoo! Buzz
  • Tipd
More on this topic (What's this?)
Westpac freeze on $1.2b held in US hedge fund
Read more on Westpac Banking at Wikinvest

Related posts:

  1. Investing is Easy – Fusion Fund buys ANZ
  2. Fusion Portfolio Buys Suntech STP
  3. Fusion Investing Portfolio Buys Biota
  4. Fusion Investing Fund Buys ANZ Bank
  5. FI Fund buys STP and GE
  6. Fusion Portfolio Trade

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.