Pick of the week for Wk40 is GLO at 1600

Any one maintaining a respectable portfolio should be always on the lookout for good price entries in TEL and GLO. These two firms maintain a virtual monopoly in the country. And if any of the two dips down after you enter, even if the hit is by negative 10%, it's still ok to average down given the high dividend yield both gives year on year.

In the case of GLO, three foreigners are dumping for some reason. They must be realigning their funds to another 'hot stock' they are training their guns on, rather than abandoning GLO because of a real problem (say on business fundamentals) specific to GLO. And so it's an opportunity to get in for me.

I already entered one tranche today, and then placed a respectable bid size at 1600.

Now, back to work.