panic stations, page-15

Hi all,

I look at the situation differently. There are a lot of people doing it tough and may need the money for a lot of different reasons, paying for their margin call, save their mortgage etc, margin call is high on the list.

The reason why CVN has a lot of sellers, like the 600,000 order this morning could be viewed as a positive for this share; for the simple reason that if you have to sell any shares to cover for something else, which one would you sell? The one that is performing well,the ones that are making a lot of profit, of course like CVN! Definitely not ones like ROC which has dropped from 2.40ish to 1.60ish. So take heart people.

The unfortunately thing of course is that those sales did bring down the market, but you must admit, it held up pretty well.

Another view of course is that that may have been a sale to shake the panicky holders, so more shares will be dumped into the laps of someone wanting to accumulate.
That didn't work did it?

Same thing happens with Tullow Oil in London, every time a good announcement comes out, down goes the price.