CNN 6.25% 15.0¢ cardia bioplastics limited

Hmm, right. When this moves, it moves on news, its price is...

  1. 191 Posts.
    Hmm, right.
    When this moves, it moves on news, its price is pretty much independent of the broader market. If you've *seriously* sold out at 0.003 for the sole reason that it appears to have stalled in the context of a three week run on the All Ords, then I'm sorry but you're a mug.
    I, for one, am still very happy with this one, and so is just about everyone else looking at the lack of sub 0.005 selling pressure since the raise. Based on my experience watching this stock for a few years now, I'm confident that 0.006 will get a tickle *if* they announce a new contract by the end of the month. On the other hand, if we move into March and we've heard nothing, I think we might start to see the odd big sell into 0.003. We all know that it won't take much to push this up further, just consistent signs of progress and continued consolidation of their positions in China... there's *massive* upside potential for CNN in 2013. That said, news in the short term is crucial...
 
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