CPL 0.00% 2.2¢ csl finance plc

I think Metro has as much pertinent info as Dangerboy.If nothing...

  1. 726 Posts.
    I think Metro has as much pertinent info as Dangerboy.
    If nothing of any interest is happening behind the scenes, either positive or negative you won't hear from him.

    It's a matter of patience, Highland Park exercising their options gives me the impression that everything is on track.
    I have said it before "advanced negotiations" when it comes to the Japanese it's always a very slow long drawn out process.

    As to the short positions, you guys are reading way to much into this. Shorting is totally misunderstood by the investing community. You can't trust the data, it's absolutely wrong. Shorts can't hold the price down.
    People always blame shorting or the Bots every time their stock is going down. That's just not correct, stocks rise because people see value in the company. They go down when the perception is that value is dropping. If buyers aren't interested nothing is going to hold the price up.
    I was around before shorts and bots arrived on the scene and the market was exactly the same as it is now. We always find some excuse to fit our needs.

    I'm afraid it's "show me the money" before the price gets back over $1.
    A very experienced trader I know held CPL but sold when it was around $2. He told me to sell because CPL had gone from being speculative. It was now a company looking for finance. I didn't take his advice thinking I knew better :(
    He said all the unknowns had to be addressed and the mine had to be producing before the price went back above that level, and that wasn't counting on the dilution that would occur during this process.

    I'm back to the long wait for $2+ ... just hope I don't need to cash in before it gets there :(
 
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