I agree. Can't understand why the sell off - or is it.
Decreasing volume with these lower prices.
Today is a good example. Whilst 9M+ traded in shares as I type, the volume is due to cross trades. 1 trade for 5M, 1 for 500k & 1 for 2.3M, with a number of smaller x trades.
This would imply that the actual selling out of positions is weak & hopefully the bottom now.
But we all know that picking the bottom usually means....... smelly fingers ;)
CGG Price at posting:
33.4¢ Sentiment: Hold Disclosure: Held