CNN 6.25% 15.0¢ cardia bioplastics limited

Don't you just love our 4999 seller appearing every day lately...

  1. 948 Posts.
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    Don't you just love our 4999 seller appearing every day lately at a lower level than the previous day. Wouldn't you think if he wanted to sell he would just take the market rate .1c lower.

    Stinks of downward pressure being exerted for whatever reason and has since around 4.5c.

    maybe buyers at 2 -2.5c taking profits and the price down for another crack at lower levels as the support has all but dissapated .

    The only thing I really dont like about that cynical scenario is that they are conceding the price may be remaining flat in the short term. Maybe till sometime after the options issue is complete.

    Thats why egle got my attention when he stated his figures.

    lets wait and see.


 
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