I'm out for now. 10% bounce on my purchase price is good enough. I expect a bit more volatility now the medium term uptrend has been broken
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I'm out for now. 10% bounce on my purchase price is good enough. I expect a bit more volatility now the medium term uptrend has been broken
Codan released an Investor Presentation today.
Seems that the Gold Detectors are for the 'Artisanal Small Scale Miner' or one man, his detector and a shovel.
Strikes me that this market is a lot less sensitive to the price of gold than the big boys.
Still in at the end of the day.
Best Wishes
Paper Tiger
I sold out again this morning at an average $3.34 and a bit.
25% in two days plus the initial 75% between October last year and last week for a compound 119% profit.
It has definitely served me well.
I have no idea where the market intends to take this next but I hope that it reappears on the buy list.
Best Wishes
Paper Riger
Nice work, PT.
I'm in the slow boat these days and still holding. The volatility has surprised me in both directions - my position was on the list for a trim, but I think the market trimmed it enough without my help. :ohmy:
Maybe next time.
This took a serious beating today. Civil unrest in Africa apparently affecting sales. Possibly an overreaction from the market on this one?
Yes - market in no mood for downgrades. Seems a bit over done, but difficult to say at this point... doesn't sound like the most stable of markets for them!
Something smells a bit here
There was that big plunge mid-April, followed by an ASX please explain in which CDA said there was no issues.
Now, they are saying there have been issues in the African markets for some months.
Not a good look for a stock that had become quite a darling among the Roger Montgomery set (although I am sure Roger will have conveniently sold out prior to this downgrade)
He always does.....