CML: It played out pretty much the way the chart indicated it...

CML: It played out pretty much the way the chart indicated it was likely to go. The massive volume above 3 cents waiting for any opportunity to bail was going to see any open above 3 cents quickly sold into, especially in a jittery market where people are winding back exposure. It may settle around 2/2.1 cents but from a trading point of view, it is pretty much cactus for the time being.