Centro's sales report was up and move towards higher 30's suggest bullish buying from now til end of May.
Still feel that Centro do not have the runs on the board yet for any further upside in the price.
Very suprised now to see it rise above 50 befor September.
Banks just sured up their positions by grabbing more security for unsecured loans.
Credit crunch still going and Banks are only starting to release funds in small packets.
Look at going LONG on Centro in August as the current situation looks like a holding pattern and vol's should be very low unless we some very positive or negative news.
Good Luck and see you in August on this one!
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held