Folks, once again I have forgotten to ask those entering to provide a brief reason explaining why they chose that particular stock.
To those that have provided a reason, thank you!
To those who have entered and haven't explained the reason for choosing their stock, please consider posting a reason after the fact anyway. It makes the whole process a little more interesting.
I will endeavour to remind everyone to supply a reason when I start the entry thread for next month's competition.
CLX thx joe... cti logistics again has upgraded its profit guidance
they are a perth based transport company & one of just
a few making any money these days.
So many goldies to pick from, but just one pick avail.
FML thanks Joe. My usual pick of AVQ will fire up by multiples but it seems now like it will be closer to the trial date.
Soooo, FML as at a price of 3 cents, is less than the 5 cents the Chinese paid for half the company. AND the increased drilling as a result of the increased Chinese funding, may lead to an announcement very soon!
Reason: Recent takeover bid of $1.70. No idea what the latest is with this. Maybe the offer has been withdrawn, triggering the sell off. However if they offered $1.70 then presumably they had valued the co. at more than this. Someone else might step up and make an offer.
Anticipating a break-out of long basing pattern after cap raising. OBV remains solid while the TMF is rising indicating some underlying demand. The break-out >0.20 would be the conservative entry, but we can pre-empt this can't we.
The observant will notice I've had a couple of trades in this already.