29-32 is where the indexed support line stands at present IMO....whether it gets there is another story, however markets are very jittery, theCSG story in NSW is rather ordinary...
So at the moment given the update last week that two important RCH contracts including water, waste and catering have not been renewed, this has caused the stock to plummet....
but now they have another problem seperate from the above, and this will IMO keep the stock at low levels...please read this paragraph below from the update...this is significant and IMO i believe will set a new temorary support around 30 cents....
"""Separately, two significant contract tender decisions for RCH which were expected in October 2014, have been deferred into the second half"""""
So rogerdat, as you can see, i am not sprouting studd like ..stock oversold about to bounce as you did, and of course that did not eventuate...but i am analysing the update and this is where i see the stock heading...29-32....hope that helps ....know thyself
AUG Price at posting:
44.5¢ Sentiment: None Disclosure: Not Held
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