I like that you are central to what occurred today. Specifically...

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Blommer

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02/11/16

15:04

Post #: 20314766
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Originally posted by nak1811 ↑

This is my view of today's price movement pygmy:

1) Someone wanted to sell around 89,000 shares at the opening. That is not a lot, and not an insider move either;
2) There was no market depths to fill this order at higher prices (we all know that the depths disappear for CXX sometimes, and appear again when there is a correction);
3) I could not buy at higher levels to bring the price up;
4) Panic started and orders started to fill even below the opening price;
5) Guys with a lot of holdings like me that did not follow the action today might think that something wrong is happening and are tempted to sell creating these larger sell orders now;
6) These investors could also be afraid on the outcome of the elections and what would represent for CXX to raise finance or complete the offtakes;
7) Since they are very ahead with on the negotiation of these agreements, and currently choosing the best term sheet for the company, I believe the Trump risk is overestimated;

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I like that you are central to what occurred today. Specifically your buy order being rejected causing unwarranted panic among the general market I bet this butterfly effect was to blame for the entire market-wide drop on the ASX today. Hopefully as people see this thread calm will be restored

CXX Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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I like that you are central to what occurred today. Specifically...

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