To adopt a wait and see attitude on a speculative share like CVI will send you broke.
Its one of those shares you can get on and off again at will.
I have always thought that if it "took off" I would always be able to jump back on at anytime and ride it to what ever its heights took me too...... this would only cost me a few pecentage points and I wouldnt miss much.(no downside)
To ride it into the ground is a big mistake.
Dont be afraid to sell... by this I mean if you can find another share in a similar situation that you thought had a better prospect of rising ...sell and buy that (like for like).(this situation applies to all share trading not just CVI)
Nothing worse for the mental side of trading than having a share in your portfolio that you hate.... get rid of it.... move on.
One thing about this phylosophy..... you live to fight another day.... all the best with your trading
CVI Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held