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1,189 Posts.
11
08/05/12
20:25
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Despite the market losing significant value over the last two days, CAP has held up well.
We dropped around 8% yesterday on low volume of around 40,000 shares and clawed the ground back today on volume of 175,000 shares.
I have the average shares traded each day for CAP as 132,800.
Also, I have noticed over the last few weeks that when we get to around 35c, a larger seller sets up camp, offering between 50,000 and 100,000 shares.
Today we looked like popping through 35c and then a seller of 77,000 arrived on screen.
So, does CAP have a capper?
Hmmmmm, 15th May is getting close.
Please no lowball takeover offers.
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