free fall or retracement, page-5

I have been following this stock since it was 5/6 cents.

Basically, a lot of folks have not done their homework. Relying on certain influential posters as your investment adviser is very risky. Not naming names, but HC members follow these influential posters and can see rationale in anything and everything they say.

Before anyone attacks me, please, I am not bagging anyone. What I find interesting is that people are questioning why it is retracing (if you can call it that). I ask you this; if you look at the sp at 6c and compare it to when it reached 36c, can you say that there has been 30c worth of value added during that period? If your answer is yes, then good luck with your holdings (if you are a holder). Remember GDN? What was the basis for it reaching $1.26? Please someone explain that one.

I remember a similar thing happening with CVN. It hit 30c with no basis at all except hype and retraced all the way back to 10c at one point. It is now sitting at +60c justified by the fact that they are earning money (ie. pumping oil).

I hope CVI does well. I may even buy in. However, I will only buy in when there is oil pumping; I have learnt that there is usually a long wait between acquiring a prospect and generating cash from it.

Good luck all!