Funds and insto's have to make money, so they just keep selling it between themselves making it go lower and lower and will pump it when they have there fill.
Making the stock go down quicker on bad days is even easier, it is. Neally all off screen selling. Look at today's trades 4million through and the buy side is basically the same as the start of the day.
Yeah you can complain about management and coal prices and what ever you like. But do the funds even care about management? As long as there is plenty of stock and nobody to stop them selling now and picking up the pieces at the end,it is fair game.
I believe we will know when they have it sorted out, by the price movement and endless stories about how good the stock is and all the problems have been sorted out.
Just my thoughts.
CCC Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
