I actually see this as not being a problem. We actually closed a little higher than the low of the day.
But its a good sign that the short term sellers are dropping out slowly.
We have to remember that anything that rockets up as high as CEO has, then takes a couple of downward days to readjust and breathe - for the next upward movement.
I suspect the last couple of days have been the breather.
A good opening tomorrow is on the cards - I would expect the announcement released today to slowly start filtering the market, and as awareness of this picks up, so should CEO.
Just my humble opinion anyway.
CEO Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held