CCC continental coal limited

is this the most ramed up stock on the asx, page-74

  1. 1,932 Posts.
    Hiya funky, things didn't go as planned, well it did move up as the test suggested but those sellers at 8.4/8.5 just came running in, the salivating buyers didn't show up to the party.

    Smart money will have to accumulate more at the cheap end of town to justify big spending to get past 8.5 and those stubborn sell orders at 9 that just are not given up at all.

    Perhaps a drop down to 7.5 will really suck out some of those sellers. Something needs to happen to convince sellers that this stock is ready to test the 10c,10.5 barrier. Multimillion $ buying to quickly punch us up there might do it. Problem is it may be too risky to drop a lazy couple of million to see if it can get there, particularly if there is other smart money that is doing the opposite.

    The goals of big players needs to align to push us through I think. Perhaps after AVB finishes its run, it happened last time.



 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.