CVN 0.00% 16.0¢ carnarvon energy limited

9876 you pick it well. up or down tomorrow, page-83

  1. 3,891 Posts.
    There are so many factors to weigh up at the momment its hard to work out the weighting factor of each.
    We have the DOW- Will it be a massive drop/rise overnight factor...
    The price of oil which on the balance of things is likely to trend down, but can easily spike either way overnight.
    And the company itself , who will have a flow testing update on the last 2 wells, due i guess sometime in the next 2 weeks.
    If you consider safety of cash to be the number 1 priority, and want to have the odds tilted in your favour, then the best option is to buy on a big red day and trust that historically 75% of big fall days are followed the next day by a relief rally.
    Either that or go with steve,s idea and toss the coin. ha ha..
 
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