CMR 0.00% 15.0¢ compass resources limited

babbling monkey calls brokers bluff and buys, page-8

  1. 56,627 Posts.
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    The chart is just dreadful TCG, but she has to stop somewhere. Market cap is cheap now IMO despite the selldowns, dumping, delays and mismanagement. You'd think our Asian friends may be interested too. Anyway, this is being massaged by brokers atm. In the short term, I find it hard to think she would drop below 1.3, as the market cap would be too small, even taking into account thier predicament. I also firmly believe we may get a spike in sentiment acorss the macro board within 2 weeks so I have put my money where my mouth is and if it transpire I may reduce and hold but I'll review on the 27th. Good luck.

    1.47 was critical...volume not there yet. Risky but should be worth it. Could easily go to 1.8 without too much help and even above in a blink.
 
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