Circa Pict. & Prod. Co. Intnl Inc. (fka CPPD)

[malebaboon]

multivalue - IMO the story is the same as it has been for some time now - there is a short position here and the last thing they can afford is to reveal their existence and/or allow any significant increase in PPS on volume. They must sell at these prices to all buyers - any cost they absorb here is bound to be much less than the costs they would absorb in a run-up. They have worked really hard to drive this price down, and they want to cover here at these levels - not higher. Sapping the buying (like they have done on several recent days of buying pressure) is the way to discourage momentum players and value hunters.

MB