Based on the last few weeks selling on CTP - i have changed my price target to .038 cents,in line with the low back in 2010.
* Looking at the current buy and sell depth in my opinion its going to fall further then the 5 cents i first thought. The market depth is very weak, weaker then i have seen for some time now. 3 1/2 million buyers against 15 1/2 million sellers.
As for the options - 1.7 million buyers and 6.2 million sellers, they are also very weak - not surprised about those to be honest, its to high a risk to hold or buy them.
I still believe this should turn around in 2014.
CTP Price at posting:
40.0¢ Sentiment: Sell Disclosure: Not Held
