CRO. After the SBW performance yesty just a heads up to watch out for these coys with kinda vague spruiking about what they are gonna do. I did mention a while back that SBW had quite a few red flags. Read the report closely, it’s all a bit vague and techno babble and stuff that is in development etc. Obviously they are there to make $$$$s one way or another but when you look at coys like BRN that has 6 mnth revenue of $13K and turnover on the ASX is $millions a day you have to wonder where the real money is being made? It’s been that way on the ASX for a long time. Makes taking profits on those spikes a good practice.
Getting back to CRO. Chart has been o’sold for a while, the latest Business Update is pretty much indecipherable as to what it all means, which is SOP for these types of coys. And they have played the old BNPL card. So while it might be the latest greatest thing I would watch it very carefully for first sign of roll-over.
Call me suspicious but does a rattlesnake bite? Lol
