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06/06/16
17:23
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Originally posted by MrBanks
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This stock soared like an eagle when it was announced that milk powder an Woolworths were selling with them. With the new rules in China for milk products it is impossible to see how this stock can be worth more than 16c.
They also have issues on brands and who has the licenses.
The trading is strange. Each day you see a steady flow of shares that are minimal in the overall available shares traded at a decent price.
The Laus and lets not forget Mr Myer are the winners here.
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Great article today on Woolies, scraping the 'Select" brand and saying Chinese Import Laws are impacting sales. Considering this stock went up 200% on the mention of Woolworths and ecargo will it correct?
http://www.smh.com.au/business/reta...ange-as-ceo-fixes-basics-20160606-gpcb4s.html
Lets see how ecargo can spin this.