Similar trading today to last week around the 20c mark were the SP pushed strongly up to 22c then droped back to 19c odd or should I say was manipulated down. I think we saw the same pattern today. Only my thoughts, but it seems to me that the accumulator is a savy operator as it cant be easy to accumulate a stock like CYS with a small number of tradeable shares and the interest in the area, drilling etc... without blowing the top off the SP.
Fact is we currently sit at 28c after hiting 33c, if the same pattern repeats itself then we will be trading around the 40c mark in 3 to 4 days. Lets hope that history repeats or that we get a good announcement and that the accumulation has a way to go yet.
Cheers
Retrac
PIL Price at posting:
22.9¢ Sentiment: LT Buy Disclosure: Held
