CGX Energy Inc V.OYL

Another nice week for CGX?

[Singtao]

It is now at $2.55.

[westcanpride]

Old fashioned manipulation... we were seeing phenominal bids this morning of 500k at 2.70, and yet it gets pushed down this hard in mere minutes? Yeah, purely natural. Guaranteed management didn't like attention and more importantly retail folks buying (since it means less shares for themselves). Probably pushing it down so they can purchase more cheap shares and eliminate the day trading

[Devanand1]

Probably  a stop loss was triggered.

[Devanand1]

I cannot see any reason for this sell off as nothing material has occured over the weekend. A little bit of profit taking and I am  almost certain a stop loss was triggered. Hopefully, it recovers over the next few days.

[westcanpride]

Very likely that happened as well.  Let's see if we can regain any momentum here... all of Friday's fantastic gains have been eliminated in less than 30min of trading. The insiders definitely got what they wanted here... big pullback and scoop up of probably over 500k shares to themselves with very little work.