Re6 Nov 2015 11:56
Ive watched the share since the drop, the reason for this slowly going down is because, many short term investors got in low, the larger investors are pushing the price up just to see the shorts sell. I believe the larger investors are now waiting for the shorts to get out before they build up.
I've put more in today, cant see this falling below 145/140 as it looks like a resistance will have formed.
More investors have stirred today as the 150 price is a lot more attractive so could go either way today. Cambian haven't put any reassurance out or statements apart from the initial profit warning which hasn't helped.
This will climb but its a matter of when, id expect a rollercoaster ride before we hit 180+ as the shorter sellers battle the longer investors as they get out with profit they have already taken (the volumes of trade were huge for this companys average so it might take a while as normal trading resumes).
The profit warning has at least attracted a lot of attention to cambian. If the organic investment holds true and we start seeing a better performance from cambian the shares will shoot up. Id assume they will be concentrating on reassuring investors now when a new cfo takes charge to bring the stock price back up.