G'day,
CST is pretty much in "biding it's time" mode at the moment. Awaiting those sales announcements. All movements in recent times have been on pretty slender volumes. There appears to be no concerted selldown - just the normal moving out on impatience. I wouldnt be surprised to see the opportunists (like georgenow) move in on the stock today (but of course I could, and often am, wrong).
Remember that there are a lot of people with CST on their watchlists - as evidenced by the early June run on announcement of appointment of Japan distributorship. It will move hard and fast when the sales are announced.
BTW acouch, unless I'm misreading your chart the scale on the right hand side is incorrect.
180 has been a good support level. Of course anything is possible and if people get tired of waiting then yes we may be back at that 140 level again. Personally, I don't think that will happen but am prepared to weather it if I must.
Have fun.
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