CGP 6.78% 6.3¢ consegna group limited

options getting targeted now, page-36

  1. asf
    9,888 Posts.
    Volume increasing in general recently- a good sign:

    http://au.finance.yahoo.com/q/hp?s=cgp.AX

    furniture, as I've said, CGP is really just experiencing price restoration so far, as per HC graph. The thing about consolidation, as we know, is that it can take a share price further down than one envisages. CGP fell to 1.6c or .003 pre-consoliation equivalent, which was so far out of the trading range it was not funny. Same with HAW- I used to watch it pre-consolidation and it was "cheap" if it was @ .006. Now @ .057 after consolidation of 20:1, it is equal to .003 (I reckon the agenda is that LCY will take over Mt Bevan there- what better time than when HAW is so distressed? For disclosure, I don't hold). Point is, though, that consolidation is about the roughest thing a share can go through. Can take months to recover. CGP were going to have a 25:1 consolidation- fortunately, in response to shareholders, they made it only a 5:1.

    Could be good for a watch list, furniture. Wish I hadda got in at the bottom- a 2-bagger already for those that did.

    Meanwhile, LifeScientist has an article reporting on our recent athlete trials:

    http://lifescientist.com.au/content/biotechnology/news/consenga-trials-breatheassist-in-athletes-366570549
 
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