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Thanks for your thoughts Sharks37. For nearly all holders now,...

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bellcurve

3,513 Posts.

47

23/05/18

19:30

Post #: 33277877
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Originally posted by sharks37 ↑

Von Rico, if you go back a couple of years, CM8 was one of those hot stocks and after the initial hyped up SP started to cool down the company was doing a lot of communication and the consistent reaction was it was getting sold down. I suspect management took notice and basically figured they are better off just to stop issuing announcements and let the financials do the talking. The unfortunate share sale by DC last year has put a dampener on the SP since, but if they stay cashflow positive, confirm they are past net debt free and growing, the SP will eventually be forced to respond - I will be looking at accumulation volume on the charts as a signal that market participants see imminent value. This is one I'm happy to be patient with.

Cheers, Sharks

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Thanks for your thoughts Sharks37.

For nearly all holders now, it’s a choice between patience and a haircut. I hope my wallet allows me to be patient long enough to avoid a haircut.

Just a query if I may Sharks37, what do you mean when you write of accumulation volume, and how can you tell. What are the signs.

Thanks in anticipation of your response..

CM8 Price at posting: 6.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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