From memory and aided by old charts:
On Friday 18th August 2014 CVN closed at 8c having announced that Phoenix 1 had discovered 4 discrete oil columns.
On Friday 5th Sept 2014 CVN closed at 29c having had a rocket attached to an orifice and trading wildly between both dates.
Question: Did you sell? this poster did from memory at 25c on the way up and stuffed up the re-entry, thus am very wary about doing this again which is why it's vital to have that game plan, I simply write down list of SP's up to 4oc with the resultant $ price gains attached, when one glances at those $'s and compares that with the $'s invested the resultant AUD gains are too large to miss, so should I hit the sell button just a bit early it will not bother me one iota.
Could it happen again?
Dead Right it could, but with much higher multiplications entirely dependent on the order both wells report in, and what is found.
Reckon they wont report together, reckon both will be successful, reckon therefore two thumping great bites are coming to be taken out of this cherry.
IMHO of course, good luck to all holders, but be very very wide awake with a game plan already hatched.
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