dont fear, page-16

Meerkat, if price capping is mostly a myth, may I draw on your expertise to explain something for me? It may help c3's request as well.

CDS has had solid daily volumes for around 3 weeks now. The price has been creeping up but not relative to the high level of buyer interest.

When it was 14c - 15c, between 3 and 4 million sellers sat unmoving at 15.5 - 16. Price struggled to break through.

Price has crept up to 17c. Today like every other day around 5 million sellers sat between 18 - 19c. A solid block.

We know CDS is not a dog, nor is it falling.

So with a stock of such interest, would not sellers want to tease the buyers forward, inching the price north? Especially as an ann is on the cards.

If so, then could you explain this current selling strategy for me if it is not capping for accumulation sake.

Regards
Larry