ailung thanks for your highly informative posts. enjoy reading them thoroughly. I'd say 60:40 chance of UP in the short term is a pretty fair assessment. Agree that the oil price is the key as it impacts on the USD, AUD & commodities in general. Currently oil prices are mixed as shown in the following article.
Even if there is a sell off i'm putting funds aside to buy even more CEY. It wouldn't be a bad thing is someone or group of people were able to put together a "hedge fund index" basically tracking the movment of hedge fund buying & selling & it's impact on a share price. Then again there is the lack of transparency issue with this. On the one hand we hate what they do to the sp of our existing holdings but appreciate when they push down an outstanding company such as CEY, MGX, IPL etc. creating extremely outstanding buying opportunities.
CEY Price at posting:
$4.98 Sentiment: Buy Disclosure: Held
