Guys,
I ve been reading the CNP threads for a few days now and have seen some wild predictions re SP.(both up and down)
I am only new to the share market and CNP but my observations so far are, that generally share price movements reflect the all ords of the day which mimics the dow jones price from the time we wake up.
I understand that there is a lot more to it than that, such as news and announcements commodity/oil prices and the like.
I think that the SP has held up pretty well over the last few days and is dropping a lot slower than the all ords?
I also agree that we will not see any advance in SP till the all ords is in the green or there is a good news announcement. Even then I think it will be only a few cents at a time, not 10, 20 or 30 cents as I have been reading by some. Am I being overly simplistic?
My feeling is good about CNP because the new boss (sorry his name escapes me) is doing a fantastic job not leaking any info out of a massive company, his staff/management team must have great respect for him and the company. There must be a lot of frantic work and meeting going on and no leaking of info until the want to announce something.
Just my thoughts
Regards
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