The close was soft....im guessing that some of the stock bought on thursday and friday last week could be some T + 3 and we might see some of that getting flushed out.....
On a more positive note the sell side has deffinately taken a beating over the last few days and it wont take much at all to get the SP through the 50c barrier...
I think we are deffinately close to news....however history has shown that CQT management has been known to sit on good results for some time....they are not in the buisiness of coming to the market every week trying to ramp it up.....i like this approach..
I get the feeling that John Terpu is very confident on what CQT are sitting on.......They are in no obvious hurry, which is very hard for day traders to try and read......This is a good thing i think......Most of the stock that is bought is mostly bought for longer positions rather than short...
Excellent grades, shallow depth and open in most directions...We will be getting a major resource upgrade well before christmas..
Good luck fellow holders.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
