Cardinal Resources Inc fka CDNL

[lowtrade]

Want to see trade action?
http://ih.advfn.com/stock-market/USOTC/cardinal-resources-inc-CDNL/trades

Ever think traders had a stop limit order @ .013 & .012 ? It's called capital preservation when price falls. Protect some of ones gain. This is how swing traders succeed. They take profits as profits dwindle. Want happened today was stop limit orders closing. I'm out, but watching for re-entry opportunity, before the real play starts. Because all the potential is still present in CDNL. But some gains are now safely in the bank, if panic selling happens and the come back, doesn't come back. If it does, I'll be back also.

old post warning 5/25/16

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122906470

There is a gap below MAY 2nd. which could still cause concern. But 1st gaps in a new move are often left behind. And it didn't seem to have much strength with .013 holding so far.

Here's a warning though. If .013 does fall, the gap below at .0115 will probably take price below 1 cent and that could trigger panic selling. So far selling sentiment has been weak.

Now selling sentiment is increasing! A half a million shares more closed trades at bid, then ask, for the day.

Ps; buy volume is at the bid; sell volume is at the ask.
Also increasing volume in a price fall is not positive retail sentiment. Capital preservation has started. IMO