CCC 0.00% 0.1¢ continental coal limited

large orders through this morning, page-35

  1. 4,627 Posts.
    yo - yo many many traders and not just day traders would have sold today anticipating that ccc has had a good run and will now retrace. That way they can buy back in lower and increase their holding. I do it all the time on most stocks that I feel are approaching an overbought condition. I haven't with ccc lately, because what I hold now I picked up at 5.7c and I'm happy just to let them ride. People who bought around the 6c mark have racked up a nice little profit in about 10 days so why wouldn't you sell and buy back in lower? This imo is exactly what has been going on today and yesterday. The shorter term traders doesn't care about reports etc they just want to bank profits when they can and keep their position safe at all times. It's also a Friday and they generally don't like holding over the weekend either


    Cheers
 
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