Well well well, got down to $12.35 today, than recovered pretty impressively to be down "only" 30c.
92,000 buyers v's 360,000 sellers obviously dosent help if your long cwn,
Im still on the sidelines, ill admit I wanted to dip my feet today at around $12.50 but I still recken this will touch $10 - $11 and maybe even dip below $10 if things globally get grim economically, australias budget defecit at its worst in over 50yrs wont help consumers confidence.
There is blood on the streets ill admit that, and all the value investors always say buy when theres blood on the streets, but I still think CWN will get bloodier, using a "street fight" analogy, I will say CWN has been smacked around the chops a few times and has suffered a few upper cuts and punches to the "spare ribs" but I think CWN will get slashed across the face and maybe even stabbed in the guts before this fight is over.
that will be the time to buy.
CWN Price at posting:
$12.80 Sentiment: Sell Disclosure: Held
