The chances of a quarterly seem remote given here we are at Oct. 30.
But that’s an aside.
With the SP now at 15c this represents a 37.5% loss from a high of 24 in late September. The fib types will note the SP now rests on possible major support of the September high.
Normally, a dramatic slump like this in a SP indicates something is seriously wrong with a company. In fact, almost always.
I wonder if the board and management of this company - CM8 - would be so kind to its owners as to please explain to us the reasons for this rout.
Like, what’s going? Don’t be shy. Nearly all of us are adult Homo sapiens. We’re not mushrooms, you know.
CM8 Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
