CST 1.32% 7.5¢ castile resources ltd

topside still very heavy

  1. 10,372 Posts.
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    Selling pressure has not let-up fpr the past couple of weeks. Question mug punters need to ask themselves is whether:

    (a) the smart money, sensing something is going amiss with the Japanese approvals, is following one of the Directors move and reducing their holdings.

    (b) the insto's that received the stock at $2.40 in the recent placement just want to lock in some profits in case there is a problem with Japan.

    (c) neither of the above, just normal market forces at work

    Price should hold around the $2.85/90 level. But, if the expected good news from Japan is delayed, etc., then I can see CST back to $2.50/60 in a flash
 
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