Thursday, April 15, 2010

Trade 263: Centrebet Long



2000 long CIL @ 1.66

I've been waiting for a few weeks for the price to settle from it's takeover speculations.

1/ the price is in an uptrend
2/ the takeover speculation is valid - wmh, lad, sbt are all likely bidders, potential bid from tah.
3/ price is likely to respect 50MA
4/ stops below 1.45.