The market is up 100 points and my biggest position is in the biggest losers .
What has spooked the sell off in CNP today ?
It seems companies that are in the doldrums as potential recoveries are being overlooked in todays up2% for a market that is buying banks and oversold blue chips.
Is there something new about to hit the market to the downside on CNP , and the market is front running a further sell down?
Looked ok near the open with the 30c resistance tested but it has basically gone back to its old habit off opening strong and falling all day.
This market is so like ground hog day , wake up to hear the US is up have breakfast in anticipation of a good trading day , strong open only to pitter out with big sellers hitting out their holding in this ? dog? opportunity?
I also am disapointed in AFG , has it fallen in sympathy ? has pulled back from 46 and well bid to now trading in the red at 44.
At least my others are green or untraded .
Green Today: ABS PGC CEU TLS RIV NAB ANZ CBA VBA
Any opinions on why people feel AFG or CNP are red on such a good volume and day would be appreciated.
I am holding but getting nervy ....Is that a bottom?
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
