You know I've read every post here today, some suggesting reasons for the sudden drop in Market Capitalisation etc, others just making fun, others still using the opportunity to buy.
The one thing that I see from a number of posters is an implication that this was the result of numerous people adopting a selling attitude to CXY. I say that is extremely unlikely given the way the stock started to trade this morning.
IF, and its a big if, that scenario was true then at least some of the sellers would have loaded up the sell side way before commencement of trade. They didn't and virtually all came from off -screen, or loaded up at the same time with multiple sell orders. So for example, there was 200,000 on the Buy side at 13 cents, and a few more at Sell at 13.5 cents, in a flash the 13 cents would get wiped out and there would be upwards of eight Sell orders for differing amounts.
No, I'm sorry, the trading today was switched on by a single mind, not the result of a herd mentality. That's why I sense the matter needs investigating.
For those long termers wanting a strong ten bagger . . well CXY should remain your stock of choice. Nothing fundamental happened yesterday to make this less likely, the opposite is probably closer to the truth.
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