CVN 2.70% 19.0¢ carnarvon energy limited

Still here, just. Platform crashed just after opening, but nor...

  1. 3,529 Posts.
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    Still here, just. Platform crashed just after opening, but nor before I managed to pick up an unexpected top-up. Spent most of the day sorting it out.

    CVN buy 23082018.PNG

    If I had thought you were correct this morning and my platform was working properly, I would have freed some cash and bought more. Anyway, I still did ok.

    I expect today was the last to get in under 40c. As the wise-heads here have pointed out, CVN has everything going for it, and even more so now with the new bigger partner. New drilling etc will send this to recent highs and depending on how successful it all is, the sky is the limit.

    The drill bit will do all the talking, but chances are more than average that it will be shouting very loudly.

    In the mean-time, big investors are not going to be wasting much time, whether that be in market buying or corporate action.

    So why today's initial sell-off? Well, we can blame the Capitain for that .

    Jokes aside, it is obvious: the herd was rattled, and the herd is an amazing large number of new armchair traders. As I referred to in an earlier post, retail trader numbers are growing at a very fast rate, which is great for liquidity. The flip side of course is, that the masses are not that informed and get spooked easily.

    Anyway, I believe their volume will get out-matched from hereon by smarter money. Let's hope us paupers can see the signs and read the play better than today.
 
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Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $339.6M
Open High Low Value Volume
19.0¢ 19.5¢ 19.0¢ $1.126M 5.885M

Buyers (Bids)

No. Vol. Price($)
14 1157782 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 1419072 8
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Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
19.3¢
  Change
0.005 ( 2.67 %)
Open High Low Volume
19.0¢ 19.3¢ 19.0¢ 976318
Last updated 15.59pm 06/05/2024 ?
CVN (ASX) Chart
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