CCC 0.00% 0.1¢ continental coal limited

sellers regret, page-53

  1. 5,277 Posts.
    There is some major accumulation going on imo. This is evidenced by the very large buy orders that appeared and met sell orders only seconds before the market open.

    I can only give advice to myself, so it is to not attempt to trade this, as the forces are too strong.

    There is production news due out by the end of next week, as well as an AIM/JSE timetable. Also, let's not forget that drilling is due to commence in Botswana 'early in 2011'. There are too many newsflow/fundamental reasons not to attempt to trade this stock. It would not surprise me if that charts will need to be replotted several times over the coming weeks.

    Better in that out IMO.
 
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