This stock is on it's knees23 Nov 2018 09:41
"they are not showing as buys"
It does make me laugh when traders think there is a big difference between a "buy" and a "sell".
Each and every stock market transaction involves a "buy" and a "sell".
Earlier this year when CRA.L was trading at 10p, I said "next stop 5p".
When it was at 5p I said "next stop 2.5p".
When it was at 2.5p I said "next stop 1.25p"
A 50% loss in value every time.
You get the picture.
At all of those intervals some transactions would have shown as "buys" and some would have shown as "sells".
It was all irrelevant.
This stock is on it's knees at record low levels, and 99% of the value has disappeared in a few short years.
The market cap is a miserable £2 million. Barely enough value for a few paperclips.
For a b****y mining operation. Or so they tell us.
Rio Tinto has a market cap of £81 billion. To put it into perspective.
Yes, Cradle Arc may turnaround. Stocks do. In which case, good luck.
However, if you look at the probability it is much more likely to be in a death spiral.
If you want to buy more, wait until there is some evidence of some upward momentum.
Or find a stock with much better prospects.
Christmas is approaching. I like gin. Fevertree tonics now appears in the supermarkets.
If you had invested at the beginning of 2015 and sold in September this year you would
have multiplied your money by a factor of 20.
There are other stocks out there.
Don't keep buying CRA.L just because it is so b****y cheap it must be a bargain!