I think it's a standard market reaction to buying that was pre-empting a news event......so we have the sell the news influence today.
I am keen to observe how things pan out over the next 2 weeks of trading as I am sure the company will be out road showing and getting the message out there to all and sundry before we get to the big launch of product date.
This is a great consolidation level IMHO considering the low base we came from. New believers will have good opportunity to get set with the amount of stock on offer higher up the line......they will get realistic and come down to the new floor that the Kott Kid so brilliantly predicted!!
Cheers
Ant
CGP Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held