EXS 0.00% 26.0¢ exco resources limited

bargain price at present, page-11

  1. 1,082 Posts.
    davonq, I have been racking my brain and discussing this very point with other shareholders I know for the last 2 days.

    The only possible explanation we can come up with is that there is an abundance of ST traders who took a position in the hope of news on the CCP decision and are now selling now that the news is out. They either don't have a grasp of the fundamentals or don't really want to wait around for a re-rating.

    Happy for someone else to come up with a better theory as I certainly have been buying the last 2 days and will stop doing so if I get a proper explanation. Until then, I can't see any downside and it is the safest buy I know on the market right now.
 
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