cer is due for another run up soon imo.I've held this stock for a while now and have sat through the worst.If you bought this stock in the last 5-6 months "Well Done" you will be most pleased with the current chart i.e. nice north easterly direction.I think the market is starting to price the next move up i won't be surprised if "Cer Breaks 20 cents" by christmas.The thing is you never really know with this stock it could happen within a week or even a month but i strongly believe that 20cents is a big possibility by christmas given that the majority of the pain has already been and gone.
If the markets continue to move up then investors will keep pushing 90% of asx listed companies up.Imo when we're halfway through this bull market you watch the amount of buyers that come in and buy just about everything that is cheap including mining companies with no future.This will be to late to get the bigger gains imo.
There is still plenty of value for cer holders moving forward and i think we are about to experience a nice shift in direction and this will be good news for cer holders.With talk of interest rate increases surely this is one example of improvement in the last 6 months via the economic numbers and the markets moving up and so too the revals being marked up on commercial property by year end.
cheers
CER Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
