this is hard, lot of people sold this out from 25c down because the pain of waiting is something else.. psychological warfare this one is.. got to have some real balls to back the analysis on this.. weak hands are out for sure, CR is possible if no deal in the next 2-4 months.. assumption of undervaluation based on overestimation of negative confluences on AU-China relations with USA forming the heinous love triangle for flavour make the probabilities interesting. real bet is that major players overestimate the negative sentiment and expect the deal to fall through.. but trade and relations are back as with lobsters on the menu and price falls another 15%.. classic good news driving price lower.. that news in general may have no impact on this, who knows.. I do know that if the financial backer on this deal was the USA that this would not have traded at such a discount to the proposed acquisition price, as it is to this day.
CZR Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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