There are two ways to handle CER. The first is to buy and hold and I'm sure in my mind that it will pay off. The second is to use the situation to trade the swings to end up with a bigger slice of the cake and I intend to do that. I intend to buy every time it falls beyond a point I decide is too far and sell when it has a spike up. Hopefully each time I sell and buy I hope to end up with 10% more shares.
I've done that successfully in the past with ADI. Starting with only $3,700 spent on shares which today are worth only one third the price per share but I hold over $40,000 worth at last sale price.I started trading CNP and CER and switching from one to the other as the price differential changed. Now I am 100% CER. I retain my original investment and the profit(in share numbers) as a long term investment but I have been buying and selling, mainly buying, from 6c to 10c and increasing numbers as I go. At an average of around 8c I get 100% gain at 16c (reasonable short term prospect) or 1000% gain at 80c ( not impossible).
I also trade between OZL and MCR the same way and have increased the numbers held with each trade. With OZL in a trading suspension I am in limbo there but that one will sort itself out and I'll resume the switching of those again.
Another one I have traded is LYC where I have doubled my share number over 2 years and at the same time milking some profit on every trade.
CER Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held
