cnp analysis..., page-9

Great post pie.. My take of the whole day is that there has been of alot of accumulation on the way down.
Like your self too much negative press which is not unusual& i see the big guys doing far more in depth number crunching between now & the end of next week .
The announcement read well to me & i really feel this is just traders wanting out to buy lower & a great deal of accumulation taking place at the same time.Really when you look @ the sell side there are only 18m shares till 55cents .Also my 20x10 intraday chart is showing severely oversold ,on top of this one has to factor in the friday afternoon syndrome.I am holding as it is near the bottom & next week will be much better after some good clear thinking by the funds.
Cheers Kelpie .