Nothing sinister here!
Just got home from the pub & guess what I know the guy!
We both have held CDS since 2.3c.
Look me up I was first to mention coal, but guess what he was the one who put me on to CDS!
We both bought 1.5 mill at 2.3C back in Oct 07.
I've sold and bought since then and still hold, I actually bought at 32.5 Thurs. and still hold 500k+. (wish it was still 1.5)
His trade (and I agree it was stupid) at match was 100K at 34c.
BUT guess what it was his first CDS sale and was because he is building a houes and had a house payment overdue.
This week he had just invested in EQN CMR and AGO prior to the dip and preferred to take some profits out of CDS.
Lighten up people it's a big market out there & people do things for a lot of diff reasons, they're not "capping" they're not accumulating, lot's ARE trading, but when it's due to go up, it's going up.
AND when it's undervalued it IS undervalued!
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