australian broking firm is not nessecary because I could get civi shares here for 0,1708 A$, thats about the current price. But I tried to get them cheaper. Of course this is not a place for trading but I am holding long and CVI shall be a contribution for retirement, which will enable me to visit Australia and Asia more often.
Fact is that a couple of weeks ago we always had to pay more in Germany, but that has changed sometimes to the contrary, that we could get them at a lower price. That was especially since the SP was down at 10 cents when the short traders in Germany and created panic for CVI. Now these negative creatures have to watch the change of direction for Cityview.
There might be another aspect of tax regulations if you have an account abroad which you have to take into consideration.
I would love to have an account, because I could trade CVIO or BAUO because you can do this only in Australia. But I have a brother in Springwood in the Blue Mountains and I bought for him some small amount of CVI shares. Theoreticaly if there is money on this account I could trade from there.
As I thought, it seems to be a calm day with low volume and a support of the level from yesterday. Perhaps the calm before the storm on thursday or friday. Who knows...
cheers
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
