With so little news on offer in the market place and people cutting their losses at the end of financial year, I am not surprised.
I don't want to down ramp but I see this price hitting 20c. It's not going anywhere without corrections like the report due end of August and the September announcement of U.S financing. Or course some of asset sales will get it going, but considering as they aren't after a fire sale they have the time not to hurry.
The 'general public' or big firms won't be touching this stock enough to move huge volumes till then.
Mind you a good share price "blip" would be some director purchases between now and then for some share price confidence. That would get plenty of fence sitters in.
I'll just have to hold my 50c shares till then and use some of my tax return to buy more mid August when the fun will begin!
Just my 2c.... slowly getting a little sharper in this game hopefully :)
- Forums
- ASX - By Stock
- CNP
- one thing to note. directors interest
one thing to note. directors interest, page-2
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)