Hi Vogue2016
On the day trading resumed CAI was hit with substantial short selling. In another stock I hold (ASM) I have been amazed by the power short sellers can have over the trading. In a couple days time the stats for the aggregate short position will become public... I have been tracking the daily info and it's something like 3M shares so far. This overwhelms retail and given those institutions interested in CAI probably picked up their fill in the recent CR the short sellers face little competition.
In the case of ASM the institutional holding increased by 4% over recent months while the retail component fell by a similar margin.
There are lot of unsavory practices in the "market" and this is one of them.
If you do not have the links this where you can follow things if inclined...
https://www.asx.com.au/data/shortsell.txthttps://www.shortman.com.au/stock?q=caiOnce a company comes under this sort accumulation strategy (which is most likely what it is) the price can remain pressured until either new large buyers are attracted or the institution involved has gotten what they came for.
On the subject of DR making strong assertions which he backtracked on... yes... a little unfortunate... but this is where you have to have some trust that the management is making the correct call in the given circumstances.
(20min delay)