CNB 6.06% 46.5¢ carnaby resources limited

I think when Swiss said to me that leaks happen all the time and...

  1. 2,395 Posts.
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    I think when Swiss said to me that leaks happen all the time and downward pressure could be a bad sign. News travel fast and could mean results were nowhere near as good as expected. I take the example of VUL. It went from $2.50 before finally going into a trading halt at $4.99, before announcing the PFS and watched it re-rye higher.

    This logic could also apply for the former. The selling is relentless and even exceeded my expectation. I expected 25c then sideway from there but the pressure is even greater than that. Why would multiple big sellers want out or to sell a significant position at these prices? Let’s see what the rest of the week holds.

    Could someone request Rob to show us the current T20 list. I suspect multiple people there have reduced their positions. A few people here said they are T20, so very curious to see the holdings.

    In my opinion only , I’m full of holes and smelly too but I do like money.
 
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