CDU 0.00% 23.5¢ cudeco limited

Mojo the punters have been calling the bottom in at $3.80 then...

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    Mojo the punters have been calling the bottom in at $3.80 then $3.20 then $2.95 then $2.50 then $2 - I was hoping the short term double bottom at $1.70 may have been the early sign of a trend change but I never got a buy signal on my indicators - M & G just have to much stock it stands to reason taht when they bought 10m shares on market the price went from $2 to almost $5 in a few months they have now sold 10m on market with similar results in reverse - unfortunately until we know if they intend to sell the other 24m the S/P can really only go in one direction and taht it the continuation of the trend.

    hOOt




    http://www.barchart.com/opinions/stocks/CDU.AX

    http://www.investing.com/equities/cudeco-technical?period=86400

    CDUKRA minis just stopped out as I type :(
 
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