ann out!, page-76

Firstly, 400 Mln shares were traded in the previous 10 trading days. For each of those trades someone decided the price was high enough for them to sell. Today's trading is no different to that.

Secondly, as I described today in the "10c turbulance" thread, I explained how 10-10.5 was the biggest point of change in the ASX, and many traders hover on companies at this point waiting to pounce.

Thirdly, Today was the confirmation of the rumour that the shares were being diluted by 10%. If you look at the charts of the past of CTP, whenever new shares are released the SP drops back to the issue price. So you should forgive anyone hopping out at this stage, expecting to be able to get in again at a lower point.

Fourthly, If you'd looked at the charts you would have seen a lot of resistance at the 11c point. This was always going to be challenging to get past. However, as I pointed out in late trading today, there was a solid amount of resistance building up behind the trading with a lot of buyers at 10.5 and 10c. Hopefully tomorrow it will be able to pass the resistance.

Fifthly, short term traders found themselves trapped in CTP on Monday and Tuesday after buying in on the climb on Friday. Of course they wanted out - that's their business. And of course there is a lot of short term traders involved in the huge days of trading we've had now for the last 11 days.

And finally, just for the record, I have not been giving people thumbs down just because they question the spill. It's a free world, you are entitled to your opinion.

So, does that go some way to answering your questions?