There are a lot of reasons. One reason it is because it is Friday. I have a policy "buy Friday and sell Early in the week". Traders don't like to hold over the weekend and if there is a lot of speculation on a stock they close out Friday. Today I have now bought at 7c, then 6.6c and now at 6.1c. I still expect to sell sufficient at a profit to freecarry a bundle.At a guess my average is around 8c.
CER Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held