The DOW has contributed the most for the fall as in most stocks on ASX today....
The "leverage" or "edge" if you like was played by fast fingers on the accumulation....they took smartly advantage of the red day to shuffle their cards around.... probably like many of us did in different stocks trying to pick them cheaply....
They are not stupid and will not "show up" everytime in large quantities at once - eg. 300k 500k buy or sell side.... today the games at 0.099 were quite interesting.... at once stage they were adding mickey mouse sells to the main core via ramdom low numbers 15k 20K 35K...... 4 to 6 bids in one making weak hands fall nicely for the play and sell it.....
10c hit on stop losses...just an old trick....but works everytime....
I've tried to follow their games and bought some today...
I think the main think here is that shareholders and investors must now concentrate and focus on the next stages of developments and not on the annoying accumulation plays atm.....
I see technically as we are stuck in what I call the "FRET LINES" like in music...you see the chart below...it's like a concentration of many support and resistance levels at a short period.... We need to break that clean IMHO to see the upside....
And IMO this levels to break are seating at 13c. look the chart..... I was glad to see the factored close at 10.5c today for the TA effect.... we cannot affort to get out of that band either as an downside would damage our TA's....just a opinion....
I also feel for the ones of genuine character here that exited today.... there will be many opportunities ahead....keep positive.... and you MUST PROTECT your hard earned money at all times....you did the right thing.....
For HC CVI thread I think we need a less sentimental fan club for the ones that DO NOT HOLD the stock.....there is no point in stoking the thread with false pretenses if you have no stocks.....I could understand if you were in but not without 1 single share in it.....
Maybe you've been burnt to the bone, hate the management, want to buy it cheap ? who knows....but maybe we should try to share your information with more positivity....
WE, the HOLDERS... WITH STOCKS...we are going thru an interesting and difficult transition atm and, we are not being helped by the current market and by the gloom and doom ppl....but let's keep the spirits up and be POSITIVE the most important here is the sentiment...
We will surge and we will run again....let's just give time for it happen and give credit to the management....we are going to get there....
...."They may take our lives, but they'll never take our freedom!"........ LOL :)))))))))))
And NO....no sentiment in the stock....hehehehehehe ;)
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
