My interpretation, when the extensions were released on Friday some traders followed their own rules of trading, that is sell on confirmation of news as apposed to buy on rumor sell on confirmation. Then we had the Traders in for the ride like on AFG but the news of litigation killed it. Now if these traders had brought at .55 on open Friday ie: 100000 shares = $55,000 with the SP falling they either had to sell at a loss Friday or hold for T3 today and sell today.
Today the SP is at about .38 so they are looking at a loss on my example of about $17,000 - $18,000. These IMO are the Squeekers complaining on the threads today, the sooner they get burnt the sooner this SP will stop being oversold.
But I could be wrong........
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
