On the face of a very strong case for CVI to be a superstock, there has been consistent selling, even at this lowly price of 24c. The thing is that not everyone in CVI is there for the long haul or any haul. A lot of people might simply be selling because CVI has lost momentum. There are people, lots I'd say, would just sell whenever certain market/price events happen, like "CVI is below 10 day MA for 3 days", etc etc, so therefore they are out of the stock, regardless. They'd say they would buy back once CVI starts to go up. Again, we need good news from CVI for it to resume moving upward. otherwise CVI will just wanders lower until it finds its own floor. And I believe that floor is not too far from here.
- Forums
- ASX - By Stock
- CVI
- stalling
stalling, page-27
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)