CDA 0.95% $15.65 codan limited

good morning,fristly not so long ago there was a placement and...

  1. 2,525 Posts.
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    good morning,
    fristly not so long ago there was a placement and inst. buying in the $1.40 area, so profit taking and a dip before
    results season is normal.
    there maybe a technical support at 2.10-2.15 area, i picked up an order this morning at 2.13.on the bounce.
    However i do agree this mornings dump was out of character, despite that demand quickly came in, whelter this was a value trap ploy or not time will tell.
    unless there is a big issue in the itergration of the daniels business or a major hiccup elsewhere. Still see value in the stock, the business is good and they are good and leaders in their niche market.
    My viewpoint on current selling as normal profit taking, but will worry if shareprice falls below the 1.96 mark.
 
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