CTO
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0.00% 0.4¢ citigold corporation limited

falling knife, nightmare before christmas

  1. sydneysider
    4,774 Posts.
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    16/12/09
    11:01
    Post #: 6050160
    Recent low taken out at 13.5 now 13 on decent volume. Technical picture looks like resumption of a falling knife.

    Fundamentals look awful, to-days PR looks like a Christmas present from that classic movie "Nightmare Before Christmas". Directors discover that the old mine seems a little on the barren side. Unfortunately I do not see how Santa could rescue this one. Shareholders will just have to go chew some lumps of coal. Happy Halloween.
    CTO Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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