the market is currently crazy, it's being driven by fear & not fundamentals. Fear being in my humble opinion caused by hedge funds & institutional investors shorting the stock & commodities across the board. Look at the fundamentals for CEY as follows from Commsec Research:
FORECAST EARNINGS Last Analyst Update
12 August, 2008
EPS(c), PE, Growth
Year Ending 30-06-08 18.5, 23.8, 182.9%
Year Ending 30-06-09 62.5, 7.0, 237.8%
If you're in it for the short term yes, it is concerning. But if you're holding out for long term as I am then you won't be concerned with the current purposely induced hysteria.
---
this is my own opinion, seek professional advice and/or do your own research before making your big decision on this stock.
the market is currently crazy, it's being driven by fear & not...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
