CER
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0.00% 32.0¢ centro retail group

Given the continued selling prior to half yearly report it now...

  1. buffett
    3,298 Posts.
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    20/02/09
    10:28
    Post #: 4818707
    Given the continued selling prior to half yearly report it now looks like CER will move into the 3's. Still intend to wait till half yearly next Wednesday before any decision on re entry as I expect further further bad news via writedowns.
    Originally, no intention to re enter CER till late this year after refinancing completed, but risk/reward ratio continues to improve as the stock goes lower.
    It is strange but the lower the share price the greater the potential percentage returns when it bounces.
    Watching closely.
    Regards
    Buffett
    CER Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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