Explanation, page-14

It's the first time I see the capex is traded at a discount 20% to its cash balance but It has never be a threat to my holding position.

For the last 2wks CVN hasn't performed as a hedge stock due to oil roots. Let see if It responses with a 2% rise in poo today.

If it's not positive then the sp would retreat futher due to a threat of a cut in deposit rate in Europe. This will result in another equities rout in Europe.

We saw China equities rooted We saw US equities rooted and Europe. It a real storm so I'm not buying more amid the Sp is very attractive.

US equities rise today because of one of US major bank, J Morgan, reported a positive earning.
Some other banks are due to report shortly. I don't believe all of them are in good position, not to mention negative corporate reports.

Inflation is not presented so oil is still in a bloodbath. This is good for CVN as long as people realize cash is king.