CBZ 0.00% 5.2¢ cbio limited

good job cbzers, page-19

  1. 25,374 Posts.
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    Bummer Colin ...It was always the case that any moves into such a shallow market depth would be volatile..A lot of tightly held stocks will trade like this..It is none the less disconcerting to be unable to use a realistic stoploss which was also a known risk with trading CBZ..
    It has been proven as unrealistic but I have a tight stoploss raised to 56 as we hadnt breached below that level for a while.Yesterdays increased sell volumes should have also rung a few bells...
    Heres the chart with todays action included..
    I know its little comfort but 46 was a distinct possibility in this current drop...small mercies eh ?
    Im also stuck holding as its to close to reporting to bail now. also the recent may SPP was 11.6mill at 44 wasnt it ?and thats also to close a support level to bail and easily get back on again now...
 
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Currently unlisted public company.

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