CGM 0.00% 0.1¢ cougar metals nl

Ann: Trading Halt, page-95

  1. 1,224 Posts.
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    Actually sherlock, this is what you predicted last Wednesday:
    * 'pros' will dump all 40m shares on market
    * share price will head back to 1.4c
    * everyone knows this and will stop buying waiting for a better re-entry price
    * your sentiment on that day - SELL

    But this didn't happen.

    What most of us said to you last Wednesday was:
    * the shares won't be issued until this week
    * there would be some selling by sophs when shares are issued
    * until then, people see upside and will continue to hold or buy


    This is exactly what happened. In fact, the SP went up, not down after you recommended SELL, and when the partial selling started today as we predicted it would, it was hardly 40m nor a plunge to 1.4c as you predicted it would.

    So I guess we tries to warn you then. I pity the folks who took your advice on Wednesday eh?
 
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