CCC continental coal limited

16.5c - line in the sand?, page-7

  1. 2,681 Posts.
    Nigel - I don't know who is selling, although it will likely be one of the large nominee trading accounts who like to close out their positions daily so as to not appear on top holder lists - from the data that Downside provided before the main traders are either Commsec Nominees or UBS. Yes, quite likely they are also the ones buying at 16.5c - ready for the ride back up to 30c. TA boys may just see the triple bottom formation (confirmation pending) - although I have no idea how reliable or attractive triple bottoms are.

    As for you other questions - wish I knew the answers my friend. Time will tell.
 
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