Hi,
I see recent posts from high buyers. Hold on - have a hug. I have traded in and out of CDS a few times and wonder why I bothered. I made good money but, if I had held my original position it would have been for the best. This is not a chartist's home study exercise. Read the posts from the likes of Raks and robmillion to get the picture. I remember a post on TS that an associate of the directors was getting in big at 14c it soon fell to below 10 and I wondered about what they knew.
Now we all know.
Having pulled back from new highs on the second day 11 times in a row, I sold (16th) at 20c expecting a half range pull-back -opps! I do hope to see 20c again only so I can rejoin.
The bus is now full of a new load of loud and happy travelers so I expect to see some wild mood swings until it settles down to serious traveling again. I hope for a good low to pick up us repentant sinners who left the fold and then on to glory – if you will. But I have to say 24c low seems more likely that 19c unless we get another good sub-prime meets global warming crisis on a wet Tuesday.
Iain
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comdek limited.
looks like 30c is the barrier, page-27
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