CWE 0.00% 4.2¢ carnegie wave energy limited

Well, it's been a while since I've been here so thought I'd have...

  1. 2,859 Posts.
    Well, it's been a while since I've been here so thought I'd have a look at the CWE charts. My first target of 3.5c looks a gimme while I'd suggest my second target of mid 2's looks to be not too far off.

    Something that has always worried me is the big mkt cap and low cash balance. I know they've spent millions on the technology but it is worrisome nonetheless.

    Also, looking at the yearly chart, it would appear that there will will be a basing period down at the eventual lows and that could take a couple of years at least. Considering the frustation at delays on this thread, that appears to be not much of a stretch.

    As Detective Frank Drebin might say, "Please move on. Nothing to see here."

    EC
 
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