Thanks to all for your comments on yesterday and the trend...

Thanks to all for your comments on yesterday and the trend etc.

My 2c here for what it is worth.
I see solid support at 10.5 - 11c and have just bought back after selling at 13.5c last week. Not to be caught like I was at 15c recently I wanted the extra leverage so I had offloaded my entire position.

I don't see a gap on my charts - different programs seem to generate these anomalies not to worry.

Weekly charts look negative however the daily shows nice support here hence my repurchase on weakness yesterday and today again. At $1k per 100k shares per cent it is good pocket money and I get my shares back for fresh profits when it rises again.

On the daily chart I see the slow stochastic ready to cross potentially and the RSI at its lowest point since September last year - oversold. Such sharp drops are often reversed fairly quickly. I favor the daily charts as the most effective for short term trends and get additional signals from the intra-day chart.

The intraday chart shows me the MACD and Stochastic patterns point to a potential reversal - intra-day charts not as certain as daily though. I am using a 10 day 15 min tick as 1, 2 or 5 min are even less reliable.

The so called 'shocking' news of yesterday has been absorbed apparently. It was casing technology not the UCG technology that caused the problem and as Dex points out 200m is relatively inexpensive and quick to rectify even if a disappointment.

Given the news on Greece and Portugal (nothing new and totally expected) with their effect on the markets last night and the share behavior of CXY today I would say it looks like business as usual for the CAT so don't panic. I have some more funds coming so if I am a bit wrong and we see 10 - 10.5c I will be buying and thanking the heavens for the gift.

Good luck to all and DYOR
Cheers,
CW