somebody playing games?, page-14

I think people should be very careful wrt the rumours and innuendo being spread in relation to the EPT, number of tankers of oil sold, 'value' of the 3D seismic ... etc, etc.

As an example, have a look at Pancontinental (ASX:PCL) Over a week and a bit to Friday 7th, BB rumour and innuendo and a selling spree drove the price down ~40% (11.5c) (PCL having traded around the 18-18.5c mark for a fair while). This sell off (and tanking price) turned out to be absolute manipulation ... by the next trading day (Monday 10th), the company had announced a significant gas discovery offshore Kenya (62m of nett pay) and the price rose to 22c by end of trade. (~100% price rise)

Long term holders (at ~18c) made ~20% ... but the manipulators made in excess of 100% in one day.

I am not saying that this necessarily applies to CTP, but it pays to be wary of the intent of those who claim to have 'inside' information and whose unstated aim may be to drive the price down so that they can accummulate at a lower price.