CER 0.00% 32.0¢ centro retail group

For nearly a week since the release of the news that ASIC would...

  1. 331 Posts.
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    For nearly a week since the release of the news that ASIC would launch legal action against CER directors, CER has been in a downward trend.

    Personally, I am not surprise by this downward trend which is bound to happen after a good run. What surprise me is the magnitude of this trend since the fundamentals remain the same.

    If I follow my head which tells me that the fundamentals now compared to when the price was at 22c remain the same, then 17.5c is a good accumulation price and I should buy more (which I did today and perhaps more tomorrow).

    However, if I follow my heart, there is a nagging fear that the 17c resistance will be broken tomorrow and CER will be in free fall down to 14c.

    What's the chance of this happening? Thought?
 
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Currently unlisted public company.

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