Robbo35, do you have any evidence that CP has been selling out, or is that just your guess?
There are other possibilities.
Some have suggested that friendly pattersons institutioins bought in last week to give Askin more votes, and then sold out this week.
I would point out that it's relatively common with CTP to see a sell down after a trading halt which trapped daytraders in longer than they wanted.
End of Financial Year usually has people selling off stocks to shore up proftis and losses for tax purposes. Most years in CTP have seen a selldown the week before EOFY which reverses after the new financial year kicks in.
I'm just trying to show that there are many factors involved. It's been clear this week that buyers have dropped asay and sellers have increased, so of course the price was going to drop with that happening.
If CP sells too much he folds his own EGM.
Remember just last week ppl were declaring that CP was buying again, but that doesn't seem to be the case either, so I stick clear of people "knowing" what's going on when they can't or wont back it up with proof.
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Last
4.8¢ |
Change
-0.004(7.69%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $22.36K | 454.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 96150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 0.049 |
3 | 1201484 | 0.048 |
1 | 100000 | 0.046 |
2 | 280000 | 0.045 |
2 | 28222 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 96150 | 1 |
0.055 | 11000 | 1 |
0.057 | 45000 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
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