CST 7.41% 12.5¢ castile resources ltd

Forrest, page-2

  1. 4,086 Posts.
    G'day George,

    CST is not having a great day today (price-wise).

    My belief is that it is primarily due to misguided short term overexpectations. For some reason there seemed to be a market expectation last week that something startling would be announced at the AGM. This was imho unlikely. Today we are paying the penalty.

    I am led to believe that an article in the press yesterday highlighted the fact that the US Military are dragging their feet due to other matters atm but did not highlight the fact that sales (albeit small) have started to the US jails and hospitals. I have not tracked the article down myself.

    This type of volatility gives holders like me a little pain but provides an opportunity for you - all you have to do is pick the bottom and attempt to pick up a decent sized parcel (difficult once it turns).

    As I have said before , this is a multi-year investment for me - although I do watch day by day also.

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