CZR 3.51% 29.5¢ czr resources ltd

My take that buying has stalled and the SP is retreating daily...

  1. 3,554 Posts.
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    My take that buying has stalled and the SP is retreating daily because the most bullish are sated.

    The entity making the offer is a No Name so we all want a considerable margin for the risk. The situation would be different if RIO or Twiggy or some such were making the offer- the margin would be a lot less.

    If the SP continues to fall then the margin could become attractive to some punters again.

    Something like that.

    IMHO DYOR
 
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