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06/05/02
19:19
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Your scepticism towards CML has been wise.
Fletcher has dissapointed the market, and now CML has lost the "Fletcher premium".
The shares have fallen accordingly.
I didn't think a CEO of Fletcher's experience would set a target that he couldn't achieve.
A big dissapointment.
Well done in sticking with the tried and tested WOW.
My belief at this point in time, however, is that CML presents a much better risk/reward balance.
WOW is overvalued imho...
... but this is irrelevant if you're trading short term calls, so all the best of luck!
The $6.00 level should present a v.good buying opportunity in CML.
I hold no position in CML.
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