Cathay Intl Ld Share Price (CTI)

free fall here

Downes is a very experienced stock broker and has been around for a long time. He is also a shrewd investor. Good to see him topping up his holding yesterday.

Almost no chance of this being shorted..... far too illiquid. I would expect that it will retrace to 26/ 27. I have seen it all the way up to 52 in the last 5 years and firmly believe that it will go higher than that long term. It's a good company, with sound pharma investments, plus a successful hotel. Once they get more exposure over here who knows where it may go. There are some high brow investors, including Hendersons, who firmly believe the story. I have built up a big position over time and am in for the long haul. They report on Friday, which may have some bearing on the move. hopefully some cheer there

I can see on the 6 month chart that this dropped almost freefall from a resistance at around 26p+ starting in Jan with not much driving aside from, as you say, a sell off so maybe one or a few big sellers moving this down to short it?

What is clear is that the price has broken upwards out of a downwards wedge on the chart showing a significant up trend forming today, so perhaps we are looking for a fast recovery back to previous resistance at 26p+, that is how the charts are looking.

What are your thoughts about price target short term and beyond and what do you see moving this up significantly in the mid term... what are the big projects that could sky rocket the firm?

I am in anyway, looking at 26p price target and then maybe top slice and take a long postition....

Did you miss the downward movement from 28? Technical situation in the market, which was long. Sellers come in and due to lack of liquidity price hammered. I can only suggest some of the sellers taken out and price trying to return to more reasonable level. This is a good company but doesn't have enough broker exposure. Expect to see a new broker appointed to try and change the situation.