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The Next CVN, page-49

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Bigstockpunter

454 Posts.

107

14/08/18

09:10

Post #: 34915965
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Originally posted by cujo ↑

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.

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Cujo,

You have hit the nail on the head, bullseye, right on target describe it how you like.

Great post.

Let's hope it doesn't take you another 10,524 posts to get another like this.

Cheers,

BSP

FAR Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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(20min delay)
Last 49.0¢		Change 0.005(1.03%)		Mkt cap ! $45.28M

Open	High	Low	Value	Volume
49.0¢	49.0¢	49.0¢	$9.8K	20K

Buyers (Bids)

No.	Vol.	Price($)
2	2006	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.0¢	867	1

View Market Depth

No.	Vol.	Price($)
2	2006	0.495
1	20000	0.490
1	18945	0.485
1	2100	0.475
1	42553	0.470

Price($)	Vol.	No.
0.500	867	1
0.505	30348	3
0.510	69630	3
0.515	3257	1
0.520	333616	7

Last trade - 10.48am 19/11/2024 (20 minute delay)

FAR (ASX) Chart