$6.3m MC is beyond a joke when you are expecting $15m within days. But like most people have mentioned that the profit takers have sold back into the market and have allowed new comers in on the cheap. I simply cannot understand the theory as there would be a small percentage who bought into the .005-.008 range which was the "cold era of CDB" and then days ago a better percentage bought into the .009-.011 range.
Most bought into the .011-.018 range yesterday therefore to settle in at .013 today is a possible average.
News is what brought us into these levels and we need further news, which is imminent.
Furthermore I think that those who have sold down have made a massive error of judgement.
CDB Price at posting:
1.3¢ Sentiment: LT Buy Disclosure: Held