Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
CEB Resources (CEB) has just put itself into suspension pending an announcement on Monday at 0700. No doubt the news is going to be positive, but the trading pattern in this stock since 14:50 yesterday afternoon is deeply troubling. I am a supporter of CEB Resources and would like to see this company do extremely well, but I fear now it is a victim of serious market abuse. Just look at the 5-day chart below.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
VINES
‘‘I’ve got to congratulate CEB management on suspending the company’s stock today’‘
but the nomad does that. how can u breathe with your head so far up the directors arse
wildrides
You defy anyone to tell you ………. how very dare you kind sir …………… Twas you , the fine Doctor Holliday and others ramping the feck out of it …………… have you no shame ;-)
drunken sailor
No it was their own CEO who broke the rules. Throw the book at him.