The CMLWPO call warrants turned out to be a good play. A week ago these were bought for 13.5c Today's trading saw them close @ 23.5c (hi 24.5c)
CMLWPO CALL WARRANTS 27 Mar 2003 $6.00 4:1 Last sale 13.5c (27 Sep. 02)
This is a 'long life' warrant - March 2003 Maybe I took profit too soon, maybe not ? Perhaps there will be another opportunity on a dip.
Now to the crystal ball - will CML continue going up on this side of the AGM. Any takers ??
How deep are the pockets of Solly and his mates. And how big a slice of CML do they want ? Will they dump after the AGM ?
...... and what about this headline in The Australian: "New Coles boss's short stay. Coles Myer's hopes for a return to boardroom stability have been dashed with the revelation that chairman-in-waiting Rick Allert only wants the job for six months."
Tricky situation at CML - - don't think the charts will tell us the whole story on this one. What do you think ?
CML Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
