CNP 0.00% 4.0¢ cnpr group

MrG,Will do.I took a look earlier and it seemed like CNP was...

  1. 1,190 Posts.
    MrG,

    Will do.

    I took a look earlier and it seemed like CNP was being day traded and CER was being sold from retail brokers to the usual suspects. From the action today, someone was active on the buy-side of both, although their respective M.O. was different.

    I'll try and get something up late tonight, if not tomorrow morning.

    As an aside, the ASX short sell list which came out earlier didn't seem to indicate any mass shorting of either stock. CER was at ~4m and CNP at ~4.7m. There are many possible reasons, including:

    a) Short selling is being done through stock-borrowing and not being reported. Unlikely for CNP as the majority of turnover was through retail brokers.

    b) Sellers this week have been people wanting to exit existing long positions rather than creating new short ones.

    c) Shorting is being done intra-day (i.e. open and close on same day) which may indicate a reluctance (or no need) to hold shorts overnight.
 
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