Hey Flight - not sure I agree with you - I think cappers were there to keep price down - probably ahead of Monday's meeting with Pelorus. Yesterday pm there were some BIG buys (probably tipped the wink by a journo).....which I think caught the cappers off-guard....they came back quickly....but given meeting has been postponed (according to the Age) and a point of crystallisation has been met (ie bankers holding off and therefore giving CNP's balance sheet time to recover) the cappers would lose a bucketload of cash if they tried to go against the tide......IF an ann is made......
CNP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held