I said it was a great announcement......some good grades there.(that's positive isn't it?)
Just because the announcement is good it doesn't mean there will be positive share action.........unfortunately the market is what values a company, not announcements.
The world isn't all roses and popcorn buddy. CNB is not liked by the market, that's all I have said all along. It's REALLY clear that this is the case by todays action. Again good news and the price drops from the open 'bargain'..........every time this happens people swear never to touch the share again.
Think about the 400K odd shares bought at open this morning.....every one of those holders are now staring at their screen looking at a -5% profit/loss. They sell this arvo at what i'd say will be a 5%-10% loss........do you think they'll jump at the opportunity to buy CNB again?
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I said it was a great announcement......some good grades...
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54.0¢ |
Change
0.045(9.09%) |
Mkt cap ! $92.84M |
Open | High | Low | Value | Volume |
50.0¢ | 54.5¢ | 49.5¢ | $145.8K | 279.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 53.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 30026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 0.530 |
2 | 7495 | 0.525 |
2 | 16000 | 0.510 |
2 | 17400 | 0.505 |
1 | 15000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.565 | 1000 | 1 |
0.580 | 51133 | 2 |
0.595 | 2141 | 1 |
0.600 | 10000 | 1 |
0.610 | 2537 | 1 |
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