what interesting to me in the recent trading of ctp...ie the last few days since the drilling ann...is that despite the fact that sellers now outnumber buyers almost 2:1 the volume of sales yesterday was less than 1 million.
as someone noted very cannily yesterday....no-one is selling...but then again neither are they buying at the current price.
plenty want their orders filled judging by the line up...but they want to get them a bit cheaper...very prudent of course lol.
so we have close to 4 million sitting on the sell side at 16c...just above the current market price...one order alone is 2.5 million...
buyers want to accummulate but at a bargain price. all imho of course. there is no wild dumping of stock...the large sells are just out of reach...is this deliberate?
hmmmmm
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