I have been watching the slow slide in CPA in recent days, and I reckon the remaining down days are numbered, and that number might be as low as zero.
So, despite having a low opinion of CFS after witnessing the firesale prices they were dumping other REIT's at, I have found myself slumming it in the colonies with a position opened on the close for a short term trade on a potential upswing.
Wasn't ML bullish on this, saying it would be one of the few that would survive? IMO, this is true, but I am dare say most of the market no longer listens to them or any of their foreign inbred investment banker community after ASX investors found themselves mostly with their pants around their ankles and at their mercy.
My plan hinges greatly on the XPJ avoiding a collapse, but as I suspect CFS was responsible in a large part for the prior collapse, I hope to avoid being lynched here.
You will see both MACD and RSI remain negative, so I am bravely/foolishly (delete as applicable) pre-empting a turn here.
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