“This almost always happens following announcement of results and the AGM”
Hi Timee
If last year is something to go by then one should wait buying CST until the current downtrend turns to an uptrend.
In 2008 the share closed @ $2.40 on the first trading day following the AGM (17 Nov)
The share then embarked on a steady fall to a low of $1.45 on 3 Feb. 2009.
A nasty drop of approx 40%.
If we apply the same 40% drop to the CST price following the 2009 AGM, then the sp would be $2.35 - ouch.
“This almost always happens following announcement of results...
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