Something smells rotten in the state of Demark with this one. Like you I cannot for the life of me see why this has taken such a battering. With gas at $13 I am sure these guys would have locked in some of that upside with futures so the tumble in gas prices wouldn't explain it. And it can't be profit takers. Blind Freddy can see this is going places. Witht he total value traded in the last 3 days being less than 1% out shares outstanding it is still tightly held but it seems no one is coming in to buy it off the fense, and without that momentum it's going to fall.
Short sighted traders, hold the faith though, this mother is still going.......the roadshow and AGM will be interesting.
CPC
carpenter pacific resources limited
**hammered**, page-7
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