Heck if you think they have turned a corner, go for it. For me I'd like to use charts to detect a possible reversal & a formation of a potential uptrend. But as yet there there is not enough current daily data for me -
eg. using daily data for the last month & candlesticks
http://www.marketwatch.com/investing/stock/cbd/charts?symb=AU%3ACBD&countrycode=AU&time=4&startdate=1%2F4%2F1999&enddate=4%2F5%2F2012&freq=1&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=&uf=8&ma=1&maval=20&lf=268435456&lf2=32&lf3=8&type=4&size=2&style=1013
Although if I change that to hourly data for the last 10 days & change from candlestick chart to "close" price chart.
there is a small (short term?) uptrend possibly developing.
http://www.marketwatch.com/investing/stock/cbd/charts?symb=AU%3ACBD&countrycode=AU&time=18&startdate=1%2F4%2F1999&enddate=4%2F5%2F2012&freq=8&compidx=none&compind=none&comptemptext=Enter+Symbol%28s%29&comp=&uf=8&ma=1&maval=20&lf=268435456&lf2=32&lf3=8&type=64&size=2&style=1013
Note: I'm not sure if these links are dynamic, in that the charts will be updated (with 20min delay), & will look different later today let alone next week!
I also wonder who will buy this stock & hold for the nasdaq listing...most retail holders would probably wanting to et out. It almost seems a good punt to buy a bunch at these low prices & see what happens in the first 12 mths, might get luck & get a stag profit or something. (or then again maybe not!)
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Heck if you think they have turned a corner, go for it. For me...
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