nothing more painful in the market than holding a stock that starts going south (feeling like you are in a spa), continue to hold as it keeps going south...(start wondering if you are in a saucepan), and still keeps going south (realising the harsh reality that you have been cooked).
CAP somewhere between 2-3 at present. I discard thoughts that this is EOFY trading, plenty of stocks were green today and most people take losses before June 30.
There may be somewhat of a short term bounce from July 1 but the only thing that is going to arrest this downtrend is definitive news.
The Hillam/BMG/ASI fiasco is smelling more & more like a smokescreen to me. If ASI wanted to develop Hawsons that badly do you think $300k or whatever it was (Hillams loan) would stop them?????
CAP Price at posting:
30.2¢ Sentiment: None Disclosure: Not Held