IMO the only massive movement we will see in CNP will come from day traders/retail brokers - we will not see any big buying from the Insto's nor Super Funds until such time as there is news of asset sales confirmed, and/or approval of extensions, and/or clarification of introduction of hybrid securities. The sp movement is totally dictated by day traders and retail brokers alike atm imo.
BTW - Economists are predicting that the RBA will cut interest rates next week - woo hoo!
Cheers, Pie :)
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held