I just got back from travelling overseas on business, and was annoyed to see the sp come back a few cents. I was checking on the asx website on the blackberry every now and again.
But, I do think that this was the bottom, and it should start to move back up now. The sells have, for the last week or so, been in the face of a strong buy side, so it was either impatient holders from lower levels, manipulators wanting to push the price down to accumulate or day traders expecting the rise back to 26c in a short period
If you read the ann's then you will discover that there are big things in store for cxy, so I believe, and will continue to accumulate
I don't need to sell these and won't, I think the future is bright, and should be smiles on holders faces again in the short term.
It could have been pushed below 14c and kept there any one of the last two days, but it was pushed back up.
So yes, I believe the tide is turning.
CXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
