DES 4.26% 9.0¢ desoto resources limited

how low does this go ...

  1. TTH
    1,252 Posts.
    Hi all,

    Well, it's got to be said that the SP is a bit of a shocker at the moment. Oscar, I feel for you mate, you might just need to keep your eyes off the screen for a while (keep the faith .. long term recovery, etc.).

    In the meantime, I've been wanting to top up again, but the SP is clearly downtrending. I can't believe it's just broken through below 8c again, and gone down to 7.5c in less than an hour. A week ago I was thinking 8.1c would be a good top-up price, but held off due to the sell strength. Now 7.1c looks like a revised bargain-price target.

    Any ideas on where the downtrend will stop?

    Cheers.

    p.s. Obviously some actual guidance from the company on what it is doing, where it is going, who is going to steer it and possibly even what Prime's intentions for it are might help generate a rebound, but who knows when that might happen
 
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