CTP 7.69% 4.8¢ central petroleum limited

what a joke, page-87

  1. 19 Posts.
    Al99, have been reading your past posts on CTP, always good to have someone who has a great deal of knowledge of central Australia especially in Geology, thanks for sharing.

    In regards to your correspondence to Goro5 and if i can make a slight correction to your assumption of T=3. If no one has a training platform and are unable to view trades may I suggest www.stocknessmonster.com, its very basis in nature but provides some good basic information as well.

    On Monday, the day the announcement was made, just under 11,600,000 shares were traded, most at the opening, the fist 27trades were buys, mostly made by approximately 40+ individuals purchases. The biggest single buy on the day was just above $49,000. The biggest sell was made at approximately 1500 hours and was for around $51,000, the next two sales drove the SP into the red. Also note that most buys were electronically placed prior to the release of the actual announcement, they were stacked buys and swiftly pulled most probably on reviewed of the announcement title, and quich scan of the main bulleted points.

    I saw no witness to any major institutional buying nor selling. I feel comfortable that upon the next CTP ASX top 20 web site update that out top 3 will still be holding the same amount. In fact many may have taken distict advantage of the pump and dump that occured on the early morning tradining hours.

    What we saw on Monday was a classic buy the false rumour sell the facts, unfortunately the rumours that festered over the weekend were misleading and subjective and may have accounted for purchases being more in line to hope than reality.

    I also noted that trading was back to somewhat normality as quick as yesterday.
 
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