In my opinion this whole sp rise has been well managed. Look at the thin buying side. They're now happy to trade between 3 to 4 cents at their whim. We had good news with the last announcement, but the sp didn't move immediately after it. It then shot up with little buying support from big numbers to then sell back from 4 cent highs to sit where we are. I suspect if I was to put a decent buy order in from 3.1 cents up to where we are at the moment it would be sold back into to take profit. Then creep back up as they buy.
I'm not a trader, this is observation only. Don't get me wrong, its great to look at all my green, but I don't like manipulation.
CNW Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
