A stupid call but based it on reading the announcement whioch to me wasn;t worth a 70% drop.
Sentiment however and expectation is down the drain. Also meadia reports coming out are making top of the business news section so Bahar is probably correct.
Seriously...now I have NFI. Finding it very hard to read the market of late as there seems to be a lot of bigger forces at play now in credit / debt situations that based on company announcements dont justify such a big drop.
But then we find out later there is more to the story that bigger holders (who are dumping on mass) know a lot more about than us.
For example...I just saw a 2.6 million share order placed on the sell side at 96 cents for about 2 seconds then pulled.
Got me spooked as now I think this might show up between 4 and 4.10.
Before that however...it looks like its heading below 90 cents...maybe further.
I might join the dumping.
CCP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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