CUS copper search limited

where to now ?

  1. 3,556 Posts.
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    $1.83 today CUS has broken the support line at $1.88 and is on the next leg down. What's happening now is any volume in the stock will take the price down due to lack of buyers. As the general market is in an uptrend CUS holders become frustrated and eventually capitulate. The buy back can only offer so much support and even this can send the wrong message - fair % of the trades is CUS buying back it's own shares. As I said you only as good as your last PE and that was a half yearly EPS of 5.5 equating to a forward yearly EPS of 11. On a PE of 10 that's $1.10. That's all the information we have to go on until proven otherwise. I'm calling the bottom at $1.55. Looks like Hunter Hall and Thorney are stuck in CUS for the time being with no easy exit.
 
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Currently unlisted public company.

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