Roc Oil Company Limited (“ROC”) is up strongly since my last post on the 24/Dec ($2.80) and it is still rated a Buy at today’s price of $3.19.

Roc Oil is one of Australia’s leading independent oil and gas companies, the stock has retraced back below $3.00 recently, but could become a $10.00 stock in the future, especially with oil touching the magic $100 mark.

Realestate.Com.au Limited (REA) is a very small media company it booked an 83.2 per cent increase annual profit last year and management is looking for opportunities to enter new markets all the time.

With a near monopoly in its area on the web, I recommend it as a Buy currently at $7.00.

Interest rates will continue to be a hot topic all year, and this bring us to two yield stocks both in infrastructure, for instance Transurban (tcl) at a current price of $6.47, yields 8.40% sounds good, but when we compare it to the 10 year bond rate of about 6.00% this represents a great investment for the quality assets Transurban has.

For these reasons I have both Transurban and Macquarie infrastructure (mig) rated as a buy.

The four major banks in general continue to deliver, with my pick here ANZ, with a yield of 5% and an Asian strategy that should help it out perform the other three from current price.

Telstra seems to slowly be getting back on track, I gave a strong buy on the T3 float, since than the share price is getting back on track and the stock has gained its status as an Australian cash cow.

Education with Charles Mackay (1841).

Charles Mackay, a Scottish barrister, described several mass manias with his most famous the Tulip Mania in Holland in 1634.

The Tulip craze began as a bull market in tulip bulbs. Many Dutch people abandoned their businesses to grow tulips, trade them, or become tulip brokers.

Banks accepted tulips as collateral and speculators profited. Finally the mania collapsed in waves of panic selling, leaving many people destitute and the nation shocked. Mackay sighed, “Men go Mad in crowds and they come back to their senses slowly and one by one”.

Or as I like to say “Tulip by Tulip”.

Generally the outlook I give is to the medium term of about 12 months, and with the markets falling before Xmas there should be opportunities in 2008.

Comments welcome.

Happy New Year

Tony75.                www.tony75.bigblog.com.au                            

Kimberley Diamonds

The Diamonds of tomorrow….endless