RE:Amazing...You're right that strong moves up or down feed on themselves, especially with a stock that is thinly traded like this one.
I think there are a few other factors specific to this stock too: one is doubtless the recent negative "Donville Dump" and any other similar sentiment that might be out there. I suspect that rather than really changing people's minds however, Donville's dump would act more as a further catalyst for the self-feeding cycle that is already in effect, as nervous nellies and shorters feel emboldened to sell by reading or hearing things like this. In other words, Donville is just saying what sellers want to hear (has he ever been very original in his thinking?)
Another factor is that the TSX is sporting quite a few high yielding stocks right now, so CHW yielding around 8% doesn't seem as catastrophically high as it would in better-market times. IMO, this will work itself out in the near future, as some stocks cut their dividends and others rise in price, causing the yield to settle back down. I'm hoping CHW is the latter. :)
That being said, only longs who bought in early 2013 or earlier are making money by selling at these prices. So are we being hit by panic or shorters? I don't have access to the numbers, but maybe someone can post them? If you think the divi is going to be cut, it would be a good idea to short I guess, but otherwise, it seems to be a risky "short" (in both senses) term play.
Anyway, I may get sliced a bit by the falling knife, but I'm buying a bit more today. I liked the sale on Friday and I like it even more today.
Have fun all.