Having watched the games being played in CER, I have realized profits & currently sit on the sidelines. My long term view on CER has not changed, but I think day traders may be fully loaded with CER & may have to unload after 15/1/2009 if no new buyers found. Prop bid appeared at 9.9 cents an hour or so & promptly disappeared. If buyers at 10 cents are hit there will be panic selling from day traders. My short term views on CER may be wrong but I suspect I will have another chance to buy below 10 cents. The overall market is not showing a lot of strength for January & could well ease back in the first quarter of 2009. I believe there is plenty of time to play CER over the coming year. Long term players need take no notice of the games being played in CER. Please do you own research, as this post is just my thoughts on CER at present. Regards Buffett
CER Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
