About $1.60 has been the moving average for CEU. $1.50 is a...

About $1.60 has been the moving average for CEU. $1.50 is a price resistance point - be interesting to see if it falls further.

CEU had got up to about $1.80 about 20 November so in 6 weeks has taken quite a tumble.

Main 2 reasons for its fall would be the Dec 6th manipulation of the stock by Transurban in selling a parcel of their shares, thereby trying to paint the picture that they dont want to takeover CEU.

Second main reason has been the weakness of the sharemarket overall coupled with a selling off of really any stock with debt attached to it. CEU is of course geared at 50%.

But like previous posters I see CEU going to $2.00 by mid-year and I have a buy to top up with more units at $1.50. Just dipped out today as the fill didn't make it through to my buy at $1.50 but oh well, another down day on the Dow Jones tonight might get CEU to $1.50 tomorrow in intra-day trading.