CVN 0.00% 16.0¢ carnarvon energy limited

a well executed raid, page-23

  1. 13,988 Posts.
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    Allanh,

    Not nimble myself, and it wasn't a trading parcel I sold, it was an investment I reduced. Would not expect to buy back in for a long time, as sentiment is still strongly shining on CVN, not discounting it breaking the $1, but who knows? It was a safe defensive steal when I loaded up under 30, but now at least a fairly valued sp, arguably a little frothy for this market.

    When you are depending on bluesky or healthy sentiment to maintain a sp, it is my bitter experience that it is best to lock some gains in.

    But hey I made a mistake at 40 (and I would happily have traded back in on a dip then), maybe I've made a mistake at 84.

    EL

    EL
 
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