CVI cvi energy corporation limited

gap officially closed for technical analysis, page-34

  1. 23,992 Posts.
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    T10 - really don't want to continue this - but just quickly - of course all those things affect many companies, and that's why they should be on the general thread or ASX general, or DJIA threads.
    Those things were NOT CVI specific, they were 'book or position' talking imo....
    End of story.

    I have now bought stock at 15.5, I have no bids in at 15.
    My point is, I didn't have to talk the stock down to buy, or scare people into selling - it can be discussed on a technical or fundamental level without talking to support your position at the time.
    I accepted the technicals were saying it wanted to touch 15c - and bid accordingly. A few however were relentless in making sure it was pushed back there.

    To be fair - I also bought at 22 and 22.5 recently.
    I believe in its long term ability to succeed, and am not blinded by anything - I realise Smyth needs to go a long way yet to get there.
 
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