is it a really bargain

For the past seven months 4.9c has been a real bargain, but today you will be able to buy the stock at a 10% discount on the previous bargain at 4.4c

Oil price for the past month has dropped by almost 10%, looking at the chart of oil price it seems that US$72 level should be a very good support level but who knows with the current market conditions whether it will be broken or not.

If Dow Jones breaks a significant support level of 10000 then it may go to 9000 so our market will follow and definitely ITC will not be an exception in this kind of conditions and can easily go to 4c or even to lower prices. Then what will be happening with the SPP at 5c.

Looking at the current ITC chart with a strong down trend started at the beginning of January my own philosophical rule: ?Today it is cheap, tomorrow it will be cheaper? is working. Also there is a golden rule: ?Don?t put all eggs in a single bucket?.

I have already posted this rule under this thread a couple of months ago. But I have seen as people were accumulating relatively big parcels of shares all the way. Seeing in the past as numerous traders/investors were burnt with a similar strategy on the NDO stock I would like to warn investors/traders from loosing money.

irynka