I'd be interested if the raise in the SP on Friday was a result of the Shorts getting out, one would think that a whole week of pain would be all the SP could suffer and they might be scared of being caught out. The buy up didn’t start until after rush hour from memory and a lot of it was at .355
I would probably call that the bottom and if so much better than last month. So given that the next bottom should be in the low .40 range, if nothing else turns to crud.
Centro have passed a few significant flags and despite the neg press when reality hits the instos and they will be watching then the SP will show its true value.
It just depends on what flags they have placed for Centro and what they are waiting for, the sooner the daytraders stop playing this one the better and last week must have burnt a lot of them off given the volume. We need TL Holders.
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held