RE: Down Down Down29 Jan 2025 21:51
The situation here today is rather like that experienced by Cerillion recently, both good companies, fairly low number of shares in issue, tight free float hence the sp moves in either direction quickly and in the case of cerillion and I believe Ceres there is a clear disconnect between the share price, MCAP due to a seller requiring an exit exacerbated by opportunistic short selling of Ceres too.
We know BNP had been selling and the volume today would indicate that they or someone are well on their way and once they are gone calmer waters will return
Todays volume and trading was highly abnormal with market makers not getting a look in as the book was entirely controlled by traders with DMA
Just because a companies share price has fallen it doesn’t mean its a bad bet, a more wider lense is required
One thing is for sure CWR are now at a pivotal moment and i believe todays price presents an opportunity to buy a company with a proven business in a growth sector rather than a purely speculative one