CNP 0.00% 4.0¢ cnpr group

....at lunch time yesterday a 1,200,000 share sell order was...

  1. p2
    115 Posts.
    ....at lunch time yesterday a 1,200,000 share sell order was placed on CNP at .355 while the offers was at .35 and the bids were at .345

    at the time many claimed this was just a capper being very obvious and wanting to keep the price down to accumulate more cheap shares.

    at 10.50am today the 1,200,000 offer disappeared at exactly the same time as a similar amount of shares was dumped taking out all of the .345 bids and hitting the .34 bids.

    its a fair assumption that today's .345 dumper was yesterday's .355 offerer.

    can one be both of these at the same times:

    - a capper wanting to accumulate; and

    - a dumper of 1,200,000 shares

    i am finding "capper theory 101" increasingly hard to follow on CNP.

    ....but remain keen to learn from any astute commentators out there.

    cheers
 
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