What has happened with CVN yesterday is quite simple.
Speculators poured in and lost big time.
There were stories where some buyers spent their concrete slab money for a new house and such.
The PS3 result is inconclusive and will take a few months to analyse but the herd panicked as they mostly bought in at high prices on the hype.
The moral of that story is simple.
The COS of PS3 was over 75%.
The COS of SAMO is 50%
The same experience happened over at 88E where plenty on here done their cash also.
There are no sure things when the drill bit turns.
CVN never lost $200m of its market cap because of PS3, they lost it because of uninformed speculation from the same herd that follow hype every day on HC and plough their hard earned with no due diligence.
The Next CVN, page-48
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Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
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| Price($) | Vol. | No. |
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| 50.5¢ | 10000 | 1 |
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