When I took profits, I was leveraged to the hilt with a margin loan. Indeed I would be toast if I'd stayed in or at least piling in squillions in margin calls to stay in.
With 20/20 hindsight, it's a good thing the loan gave me a nasty dose of the nervous nellies.
I agree with Tweets that Sage needs to give a really broad based vision of what the big picture is "moving forward" to use that horrible buzz phrase. Times have changed and if he wants to retain holders and attract those such as myself sitting on the sidelines, he needs to give us something concrete to boost confidence. Otherwise, it just feels like CFE are like a bunny in the spotlight, praying for Fe prices to recover. Unless I hear something meaty from the company (or a few others I'm looking at), I think I'll stick only to my forex trading while global markets are looking somewhat "iffy". At least I have the option of going short.
The recent falls in the SP seem largely to be on fairly low volume and for many it's probably a case of cutting losses now rather than risk the SP falling further. I guess it's also true that the buy side is a bit thin for one of the instos to jump ship.
Someone really needs give Sage a firecracker where the sun doesn't shine to prompt him into action.
Peter
CFE Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
