CEY 0.00% $6.16 centennial coal company limited

why down?, page-5

  1. 3,904 Posts.
    This seems OK - apart from the carbon trading etc etc risk, but that is on hold for a while.

    I can't guess a value, but it seems a reasonably safe bet, at least as long as people are using electricity.

    One perhaps good sign is that in Hotcopper terms it is a quiet forum, which means to me that it is perhaps overlooked for now while the sheeple are trying to cheer mining and minerals onto new heights.

    On the other hand the lack of the usual cheer squad means buyers can dry up and it dribbles south at times.

    Gut feel other sectors are a bit overbought, at least the MACD has crossed indicating the start of a bearish period on most of the recent bullish sectors - gold excepted. Gold is screwed up because of the currency rising as fast as gold does - wiping out any gains.

    So that leaves energy (power station - not cars) related stocks like this one and consumer staples until things cool off a bit.

 
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