TTH, I've found that shares in the 10-12 cent range have a tendency to High Volume but not many move out of 10/12 Range. I reckon it's because a .5 tick or a 1 cent move is "exploited" by those Buyers/Sellers of 200,000 odd parcels. They're getting 5/10%,sometimes multiple times a Day.They also have a tendency to Dump their 200k parcels on any sign of 10cents cracking. CFU sure has Liquidity after all there's a Billion Shares on Issue.It also has a bunch of dedicated True Believers that it is destined for Great Things of at least 40 cents,hey?
This sets up ideal conditions for these Arbitrageurs/Day Traders on 5/10%/day to give Volume Signals to drag in d'UnAware. Now it's not moi who claims to know EveryThing.I can only say what I've observed of shares at 10/12 cents.CFU should NEVER have got into this Range of Volume MisInterpreting DANGER to d'decent element of Pilgrims to Mammon.
cheers
CFU Price at posting:
9.9¢ Sentiment: LT Sell Disclosure: Not Held