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clock Created with Sketch. 14/07/20
12:06
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Originally posted by Kiwisfly9:
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With respects to the longer term prospects, I think holding is not a bad idea. I'm still toying with the idea of picking some up but I think it could dip under 3 before the tender results are announced and if DXN loses it, I expect a major dip in the price right back into the 2 cent range as holders who picked up in the CR will take their profits, wait for the price to settle and then potentially buy back in. (This will be the buy point for people who really think the long term opportunities exist and are not phased by the tender outcome).
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why do you expect a dip in 2c range? with the economy starting to stabilize especially here in QLD where the business is based wouldn't you expect it to bounce back? and even if you bought in the CR wouldn't you still want to sell your stock in the 3c's. I see this as the usual high trade day low trade day for top-ups and sells but a general increase tomorrow awaiting on news of the tender..
