CNP 0.00% 4.0¢ cnpr group

looks knackered

  1. 7,404 Posts.
    trading has ground to a halt again after getting knocked back from a move to 24 (wow wee)
    there is no keen (or even interested) buyers at these insane prices, and it is not because centros business is stink, i suspect that the SP is where it is because management (and possibly related parties) want it that way.
    looks like it's about to impolde
    so, i'd say it's a short down to 20c (not advice)

    and for people that go on about "centro is down because the market is down"
    do a proper matematical corelation analysis between the all ords index and centro's share price.
    i don't need to, the correlation is obviously weak and essentially irrelevant.
    the market goes up - centro grovels
    the market goes down - centro grovels
 
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