CRD Good investment in future???

[jakon]

Currently CRD produced almost 6000 for the year, on their forecast and activities they predict to up that to 45 000 by 2013. Is this the time to buy at a very low level and keep for two or three years? I already bought at 29c.Thinking of buyin some more..silly or not???

[Wizard]

If anything the graph has bottomed out. There could be turn around on this.

[BoburUncle]

They have been on a downward slide for a long time, is it a wise choice? Why do you thing its a good buy for the medium term?

[Wizard]

Technical play to the 200EMA. Then sell if the fundamentals don't support any further move up

[BoburUncle]

Sorry to sound dumb, but I have just started trading so I dont know what you mean by 200EMA.

[Wizard]

On the graphs select the 200EMA, which is a yearly average on price performance. It's a level that a lot of traders look at and base their strategies on.

[BoburUncle]

Ok did that. So am I waiting for the EMA line to intersect the share line before buying? Or how do you read it?

[Wizard]

Look at it as a theoretical value that the share may go to. Play around with graphs.to get the feel of it.

[Flyguy]

where do u find the 200 ema??

[BoburUncle]

Ok thanks. Will give it a try! :)

[Flyguy]

Where can i find these graphs?

[BoburUncle]

its on the Standard Bank Chart. Look at the SMA tab and change it to EMA and next to that change the figure(12) to 200

[leminus2]

Click on the share and on the next screen top right there will be something stating price chart. Click on that.

[Flyguy]

Got it Thanks

[jakon]

what high risk shares do you think is worth to look at? I think CRD can be one with exceptional returns at this level.. or am i walking in blindly?

[BoburUncle]

Any idea if it will be like BFS?

[Wizard]

There is a good chance!

[BoburUncle]

I see that they have a Nick Far-Jones from Aus listed as a director. The rugby player? Their outlook for meduim term mining does seem positive

[BoburUncle]

Is the jury still out about this one?