late night waste of time

There i was, last night, watching the REH SP surging on massive volume (small and medium trades) thinking something must be up. 583,000 shares and an 8% rise while the FTSE was down 2.5%. I hadnt seen anything like it since prior to the "holy grail" CETO announcement last May.

As usual, my rose coloured glasses started to see a WA Low Emmissions Technology grant delivered to CNM this morning. At the AGM Ottaviano said it should be awarded to the successful applicant/s "within a couple of weeks". So the stage was set. I watched for a CNM trading halt this morning. Nothing. I watched for signs of buying. Nada.

2 hours later we've churned through a massive 950 shares!

Bugger. There's something fishy going on with REH but it doesnt look like it anything to do with CNM unfortunately.