Daily Murmur 27/10/10

by Gary Glover

Not too much to add as US Market did not do much overnight and as we have mentioned previously will meet resistance at these current levels. We see some value in the banks here and they look quite cheap at the moment. CBA’s comments were quite subdued whilst NAB has been quite positive and reported well this morning. We do see some value in the financials here at these levels.  I like the look of SKI and ENV which are in the Utilities sector.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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