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I say things on Twitter

3/13/09

Charts of the day are.......

....of Corriente Resources (CTQ.to) (ETQ)......by popular demand. This first one is the 12 month price chart

and this one below zooms in on the action in the last ten trading days.


Both charts can be enlarged by clicking.

Most of the things I want to note about yesterday's action in CTQ are scribbled on the charts themselves. Of the messages (plural) from readers yesterday about the move in CTQ.to this one from DP was the best:

Someone woke up this morning and said "man i got to get me some of that Ecuadorian mining company, CTQ looks good". There has been no company specific news what is the deal? or am i just way out of the loop? Any insight?

Nope, sorry, no insight here. I asked around, too. This has always been a speculative stock and it's always been propped up by a large cash pile in the coffers and strong hands that haven't sold out through the current mess. But if you know the general Chinese-flavoured background to the buyout stories behind CTQ.to there's nothing new I can add here that hasn't been said already. Your guess is as good as mine on yesterday's trading.