RE: RE: i see good ppart of the trades were Simon, As disheartened by lack of communication that some of us holders are, I can confidently say if some remotely positive news is released the 40's will go by in a flash.
Shares out: ~17mil (seventeen, it wasn't an error, yes it really is that low)
If you look at the Vol by Price, over the history of CJC (not canada gas) you will see that,
A) the vast majority purchased over 50 cents
b) more people sold sub 40 than bought (this was the shake out from fear)
C) Buys outweigh sells almost 2 to 1 about 60 cents
From those three things we can conclude:
1. People have closed their positions for a loss, at an out price below 40
2. Many share holders who purchase above 60 cents, either still have them or sold them at a loss.
3. There are so many shares purchased above 50 cents, that nobody will sell on good news till it becomes profitable for the bag holders to do so. (and insiders holdings reducing float)
So in conclusion, if we can ever get some core results, and they are anything but dusters...this will be on the up hard and fast. Think of all the people whom have gotten out in the last few weeks for no other reason than a declining SP, when it starts to go up on confirmation of their original sentiment it will be BUY BUY BUY.
Like wise with shite results this will go down the drain..... so maybe management is doing us a favour after all by not releasing premature poor results of the first few cores, before some better cores come in....they might just saved us the dump to the 20's