cvn today, page-38

todays volume is highest for three weeks, coupled with 7% fall today, could this be capitulation day? bottom?
sp has dropped 9 this week alone.
Could do with management poking thier heads out of the bunker and talking the company up a little, also a revised up to date top 20 holders would be interesting.

Have JPM UK finally exited from all thier holding?
Anyone else?

55% down from highs, is a big whack to the holders!! Always seems to be large parcels selling, brokers cut them up to make look like many parcels. These sellers must have been holding from 2 or 3c or they are taking a pasting, not too many banks etc take a hit to thier capital.

Positives?

More oil coming out of the ground with next few announcements, turn tap back on for shut in well.
Increased reserves.


hmmmm cvn a buy?? you bet, but I have run out of cash, already in heavily.
So wait & see strategy will have to do.

Ted bought some more today at 37c. ann just out.

Steve