Nothing has changed. There has been added liquidity but it got a massive pump after the director sell to mitigate any loss through manipulatIon. It was a publIc holIday, low volume and was on the bIggest gaIns lIst ob no news. Lucky investors who picked up the shares at 7.45 and already made profit while retailers get bummed.
It's been a good growth stock and I recommend having it in the portfolio, but it's still a little too illiquid for me to jump back in at the moment and the gaps are too big. Hopefully more liquidity will follow, but it's not as fun when there's a gap between someone selling at 8.79 and buyers lining up at 8.43. It is getting a little better.
My only concern is that it's trading already at its price target so its not going to bag. But good to go long on this.
If they lost even 1 contract then this could slide. But fundamentals lool good.
DYOR
CGL Price at posting:
$8.41 Sentiment: Buy Disclosure: Not Held
