I have seen what you mean with CER. It is showing a lot of resilience particularly in the 12.5 to 15 cent range. Lothe am I to admit it as i consider myself an investor not a trader, but I scored a free carry on a small parcel of CER shares that I am quite proud of. I bought at 10 cents and zero'ed off my cost at 15 cents a couple of days ago.
I have a High Conviction belief and am heavily invested in CNP and I dare not day trade it. CNP is highly liquid (unlike CER) and as such it is being played well by day traders. This will continue long until Institutional Investors buy back in (if ever).
CNP Price at posting:
8.7¢ Sentiment: None Disclosure: Held