Elee - I am not a good trader, i would call myself a good investor.
Heres how i see last week....
Many holding from 4-5-6c or even lower have probably waited to sell or take profits on news. This happened on the day AMP was accounced IMO. Also i agree many would have taken profits off the table leading upto xmas.
Here is how i have played CR8.
I bought at 2.5,2.6,2.7,2.8,3,3.1 and more at 4.6 and 4.8.
My avg is 2.8c
As i have posted im very impressed with the tech and management and i had put my faith into otsana to deliver and long term business now i put my faith in the leaders of that business.
We were told at the presentation
@952i will remember the wording that demand for the tech is massive.
US is the big market, Aus has demand and asia they will expand.
IMO we have heard nothing yet....
Give it 1-3-6-12 mths
If i continue to like what i see ill hold otherwise ill sell.
My target 16c then 8-10bags (25c) then access.
Disclaimer : its all about risk/reward for me. Management are awesome and tech staff the same. Business by 2018 will be massive for flamingo IMO just need to be patient.
