One thing is for sure, most people on here came in after the wave 1 cycle in April. Back then we had buy orders of 2 million+, I still keep a copy of the depth levels back then. This time round we don't have the same backing. Most people on here would of bought above the 27c level, and therefore most of you are down. Only ones who bought during the metex days earlier this year, when the sp was priced around the 10s, will be up right now. The fact that cashed up stocks, with serious profit earnings, BHP, RIO etc have plummeted to levels not seen since 2005, I can't see 26c holding, not right now. Will be more grief next week I am afraid. There are a few on here, I know who are clinging on some hope over the w/e, to stimulate mkts. It's a risk, but not one worth taking. If mkts fail in US tonight, nothing materialises over the w/e. Then this will head below 20c.
CNX Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
