You could be right young-trader. I have a substantial holding but will add significantly if it drops below 40c and so may others. I suspect it wouldn't stay there very long. Once the seller is finished off-loading at 45c it should bounce back to 50c and beyond. They could be off-loading at higher than 45c most likely and it makes one wonder why they are content to get such a low price. There's a gap between the off-loader and the general market of 5c. Without him we could be looking at 50c even today. We see CNK had a bit of a spike today with the new announcement. That's looking better all the time. Clearly work is continuing apace. We are very likely to get a CRK announcement in the next day or two. It could spike despite the heavy off-loading. I do hope Elaine is successful in organising a bulk buyer to get this out of the way. It's distorting the market.
CRK Price at posting:
43.9¢ Sentiment: Buy Disclosure: Held
