yes there are a few resource stock where the selling has been overdone and a bounce is around the corner...
MAK, FRS, MPO
as for CQU... it is looking a bit thin on the buy side. There just seems to be no marginal buyer of small stocks at the mo.
i'm expecting big things from CQU at the full year (due 27 aug ), inlcuding some director buying....
They still seem to be light on PR to the market.... odd given they are a PR/marketing firm.
I still have dreams of clicking on CQU to find they are in a halt due to takeover
I think Mithcells MCU.... would be a good fit as a buyer.
Needless to say... it can't stay on a p/e of 2 forever.
iether (being very honest with myself here)
a the "e" disappears and they go broke 10% chance
b price recovers to say p/e of 6x 60% chance
c takeover or management buy out. 30% chance
there you have it
Man that guy Michael Phelps is a machine...what a swimmer
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