As i have posted before trading CXC is aliken to gambling. At the 31/12 close of US$0.88 it should be trading at AUD$1.26. Someone's paid $1.70 today and is either a fool or suspects a big rise tonight. The best time to buy CXC is when it sells at a discount to the US and the AUD is trending down. Once rerated you stand to make substantial profits. Don't touch it with premiums like today. Better off opening an account to trade CDE. At todays high CDE would have to gap open by 30c tonight. Somehow cannot see that happening unless there is a takeover!
CXC Price at posting:
$17.00 Sentiment: ST Sell Disclosure: Not Held
