Yeah Sarco...I would be worried if it hits 10 cents and pushes through it with ease....then I'll cash in and take the loss.
I'll be honest about something I notice though.
If you have a look at market details (if you can view it..its individual share orders in market depth)....there is almost no bigger orders than 40K.
This to means there is no big money buying at the moment and we know why...CNP might be over for good on Sept 30th if they dont get that 2 month extension.
So thats a not a good thing for us as its only us buying and us who are selling and from the dumping I just saw...some bigger holders or banks...who knows. But the sell orders seems to out shine the buy orders 2-3 times.
Its fair enough though...the big money needs to know whats going on.
The other thing I dont like is how badily the price is holding up when we still have 20 days until we find out the facts on whether the deadline will be extended.
I see the SP go down 10% or more a day..day after day....does that mean in 20 days we are sitting at 1 cent?
I dont like this situation as much as anyone...its the reason I took a lower exposion then say on MFS where I dropped hundreds of thou but that was a good lesson.
So we know there is not much good to talk about and we got 20 days till news and an ailing share price.....I still think though they wont let CNP fall of the market but we'll see.
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