This is what happens when insiders manipulate the daily trading patterns...
Good news comes out and the market sits on its hands...concerned they will be dumped on by those with information others do not have.
As a result...CTR is now branded as "avoid"...and those "invested" will have nobody to sell to...all for the sake of scalping points at the expense of the wider market.
You idiots have cost yourselves much more than you will ever make scalping on insider info.
For thos wondering...once again we see trading clues appear prior to news...and this time however, a cycnic would assume last weeks little flurry of buying from left field was related to the details of today's announcement.
The Company may well have absolutely nothing to do with this...regardless however, it is not a good look.
Today's announcement after last weeks "flurry" of buying against the trend virtually confirms the sell-off prior to the recent bad news was indeed from those with access to information long before the rest of the market does.
ASIC...ASX...pretty easy case here if they actually cared...just identify the major sellers prior to the bad news...then the recent buyers prior to today's news...then follow their links to the rig or the company.
Doesn't get any easier.
Cheers!
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- good announcement - gun-shy market...
This is what happens when insiders manipulate the daily trading...
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