Because I believe in the fundamentals showing CER as a stock that will recover well within reasonable time I have a new way of handling them. Every day the SP falls I will buy 50,000+, the cheaper they get the more I will buy. I will follow the market down if it goes down and sell a few every time there is a good profit margin on the last lot purchased. I bought 60,000 on Friday and 50,000 today, They will be sold when there is a good rebound.I do hold a fair parcel apart from those at an average around todays closing price and they will be held long term regardless.
The further it falls the bigger the eventual gain. Maybe I can't resist trying to catch falling knives but it will bottom out and I hate trying to pick bottoms. Just as it will bottom out so it will rebound and with real bounce.
Don't follow me as I am a gardner with a path through my garden but DYOR.
CER Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
