maybe.
I think with every announcement that is delivered more and more risk is removed.
There was no underlying reason for the move downwards (apart from profit taking early on)
These levels open CDS to those investors that have been kicking themselves over the last couple of months for not getting in earlier.
I seriously doubt the new management will allow this to fall sub 20.
As for the traders... well traders will always be traders, but IMO CDS is more of an investment stock.
It would have come up on a few screens this morning whilst people were drinking their cuppa joe.
Coal aint going anywhere but up.
IMHO.
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