CNP
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0.00% 4.0¢ cnpr group

klunt20Please explain why you think this stock is heading south...

  1. projectx
    376 Posts.
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    23/09/08
    22:24
    Post #: 4304185
    klunt20

    Please explain why you think this stock is heading south tomorrow after CBA ceased to be a substantial shareholder.

    Based on the simple laws of supply and demand, if supply is reduced (i.e. less sellers) price will likley increase; less selling pressure.

    That is, Comm bank was dumping this stock into the market and that is most likley why the price fell to 6 cents on close the other day. When this dumping ceased (or ceases)the SP should recover (all things being eqqual).
    CNP Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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