I think I've found the safest stock on the ASX.Doesn't come up...

I think I've found the safest stock on the ASX.

Doesn't come up often but if you run a line thru the significant lows 1996 and 1997 it hits $6.25. One could also argue for support @ $6.00 (hit 4 times and bounced) from 1997.

Add to this, the fact that things couldn't get any worse. CML have been a shambles for 10 years.

BHP and CSR were a couple of others where significant lows from different periods intesected at the current price.

I will accept your lack of response to this enlightening post as confirmation that I have lost the plot. LOL