for jw172

jw172 hi, i wouldnt be too worried about cuo. it has good prospects. i only think its a short term sell because
[1] its had a spike in share price over 3 days and profit takers will sell to take cash profits in this crook market we are in, at the moment.
[2] also the ratification of the recent issue of shares has cemented in the fact of a dilution in the share base.
[3] also the buying public and institutional buyers may get a bit bored with the stock while the merger process prolongs onwards until that is announced as complete.
share prices usualy get a bit softer while mergers are going on and market buyers are uncertain of outcomes.
[4]prices change daily, at the moment it has receded approx. 50% of its recent spike, so that may be enough of a pullback. if it falls a bit further i will buy some more.
[5]. lokking at a longer term, i think its a buy., so i would stay in it,and avoid brokers fees.