...worth a further look21 Dec 2007 16:56
...creston does not step a foot out of place. Solid performance just not loved much. They could well do with setting aside an individual , performance related of course , to tune this company in with the market makers. Down to 70p today with some institutional investors dumping stock through lack of movement on the stock or the fact that their funds be better placed elesewhere. Hit a low of c.£1 a few weeks ago , then dropped 30% to todays low. As it is a small cap , this keeps cfd traders like me away , but in saying that , I bought in a couple of weeks ago , before the results and made a tidy £1,500. I have done this with creston twice and always came out well. Have left it today due to the fact that I feel that if you bought in today , I feel that however is dumping their stock may have a few million shares more to drop. Certainly a buying oportunity and I think that I will be looking to buy in if the stock does not drop during the odd trading days over christmas. I figure that £5k on a cfd will require say £250 to cover interest charges and lost interest if you kept hold of the fund in the bank for upto 6 months and that this stock could well net c.£2k based on such if you get the timing correct...dyor