That was one hell of a lid for a number of weeks. Let us hope it has lifted now. They may do what they did before and buy back in again! Strange behaviour if they do.
I have to say I have noticed just occasionally with CNK and CRK there is a small spurt of buying before an announcement. I have used it in the past to my advantage, not knowing what caused it but assuming something was about to happen. It feels a bit like that today with CRK. They hit 50c rather suddenly.
Delighted to have picked up another 50,000 CNK today at 12.5c. What a bargain! I put the order in only today feeling that might happen.
Interesting to see what happens in the next couple of days. If the seller has truly gone, CRK may well bounce back over 50c and stay there. Many of us were buying at 50c and 60c thinking we were doing really well then. Perhaps we were.
CRK Price at posting:
45.8¢ Sentiment: Buy Disclosure: Held
