CXE 8.33% 1.3¢ celtex limited

Yes, after a 60% gain over 3 weeks profit taking is normally a...

  1. 127 Posts.
    Yes, after a 60% gain over 3 weeks profit taking is normally a realistic expectation. Thus far this has not occured as volumes have really dropped off. What is even more amazing is that breaking through the 20-24 price range resistance area should have been a major struggle. The only explanation I have is that there must be several long-term holders such as myself who like the CXE story and view CXE as a potential long-term growth portfolio stock. What I have been doing is recycling my trading profit kitty into companies such as CXE as LT investments. While doing so I risk losing some of my hard-earned trading profits, but simultaneously my profits are generating long-term capital gain. Too many times my big, and getting bigger, profit kitty has had too much disappear. Sorry I forgot the name of the book I came upon this 'true wealth creation for retirement strategy'. A light globe has just been turned on... I should start another HC thread with that as the topic.
    Regards,
    Ramjet
 
watchlist Created with Sketch. Add CXE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.