The uptrend connecting the June 2006 low with the August 2007 sell off low has been decisively broken.
Down another 8.33%. Just a few shares bid at 38.5c.
No matter how good CQT's main project appears to look on paper, at this stage I am probably not tempted to wade in.
The chart imo simply looks too ugly. Now why is this the case?
A cashed up CQT could prove to be one of the bargains of the century, metaphorically speaking. Then again, why is CQT persistently falling to what appears absurdly low levels assuming everything is kosher?
Why is it so, when based on publicly released information to the ASX everything looks brilliant?
I must admit to having some seriously negative vibes about CQT.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held