ALD 1.82% $32.34 ampol limited

expensive at these levels

  1. 70 Posts.
    does anybody think CTX is expensive at these levels? Not really followed the share, but noted it always getting a caning on the business channel and that was when it was a 8 - 12 dollar share. It appears to have gone (in Australia) from a refiner to a distributor (which given its dated refining plants)has been taken by the mkt as a good thing. Am I correct?

    Seeing some major corrections taking shape now (WOW COH and CCL) which is taking them back towards their more historic SP, just think CTX could be due a fairly large correction and am toying with the idea of shorting down to say $18.

    Neil
 
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