Aah, what a weekend. Made the mistake of going to inspect the house next door that is up for sale. It was completely prepped for marketing. Mrs E picked up the vacuum cleaner as she walked back into our house and hasn't stopped cleaning for last 32 hrs. I am chief helper of course.
OIL. I just wanna put an immediate stop to the generation of any more urban myths about what I am supposed to have said about this stock. Yes, I can read anncs. Yes, I can see the chart can easily go to 10c/20c.
What I have referred to was that this stock has been a loser for shareholders for the past 15 years. Even Kerry Packer had a go with this one I may recall? Anyway, there is a lot of pent up losses and any rises in the SP will be met by plenty of sellers.
This latest effort might be the breakthru they have been waiting for and I'm not gonna dispute that. I'll be quite happy to trade it and if it does go gangbusters it is possible it could get to 50c level b4 it hits real resistance.
OBV suggests that there has not been a lot of selling out so maybe the s'holders are convinced.
It is hard for me to gauge the potential of this latest 'sheath' tech and past performance suggests there may not be endless riches in the microscope business. I'll wait and follow the story. It's on my watchlist of course.
CVT is in an area that has huge potential. We all know that internet security is slack and whoever gets the first big toehold will get rewarded. I can see the money trail there and I know that at least one broker has seen the presso and started buying. So I may go to the higher end of spec risk level with this one. Does not mean I'm betting the house on it. Espc after spending the whole weekend cleaning it.
