CWG 0.00% 31.0¢ central west gold limited

Whats been happening?, page-23

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    Yeah, I've been saying this since it took off, i.e. it would be unusual (though not impossible) for what is essentially a shell, to rise much above an EV value of $10M. It's a tradeoff between executing on what would normally be a sound strategy versus holding-on until momentum leaves the stock, which clearly hasn't happened. I saw other opportunities that I thought had better risk/reward at thus stage but it does look like going higher and a trailing stop loss will help ensure you don't get done over by a sudden dump.
    Last edited by Anton Chigurh: 16/10/14
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