CDU
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0.00% 23.5¢ cudeco limited

I am a bit disappointed how the SP lost 3c today considering the...

  1. orchidc11
    500 Posts.
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    17/09/10
    17:04
    Post #: 7212459
    I am a bit disappointed how the SP lost 3c today considering the following:

    1- The XAO is %0.7 up
    2- Copper prices have risen
    3- The management is buying back the share!
    4- The trading volume is 624163 shares only!

    The fall in the share price is due to the lack of buying, not heavy selling (considering the small trading volume)

    I am quite surprised how negative the market is in relation to CDU these days!

    It seems like the SP is heading back to $2 and will keep on trading within this range till the release of the next announcement IMO.
    CDU Price at posting: $2.07 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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