As I mentioned a few days ago I felt the stock was getting overbought and the traders were looking for to much blue sky and wanting to trade the stock.
The CTFO are still being accumulated in good volumes which is a strong signal the head stock is going higher both in the mid and long term.
The CTFO have 25c to pay and good vols have gone through 9c plus for the last 3-4 days .
If the market believes the company can achieve its first target as outlined in the prospectus of reaching 1.5m EBIT with just 33m shares on issue (5c a share) it wont take long to see it form a nice base at these levels for the next leg up.
I hold ctf ,and actually lightened a few at 32.5 (about 25% of my holding) expecting to buy them back below 28 in the next few days.
Read the disclaimers nad do your own evaluation at the company website www.citrofresh.com
CTF Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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