CVN 3.13% 16.5¢ carnarvon energy limited

Ann: Phoenix South-3 Drilling Update, page-182

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    A lot of people are still sitting on 3-4 bags. I would guess a lot of true believers crystallized profits today. I'm not suggesting that there is further to fall btw, just saying when you have people sitting on profits from 7-10c the selling isn't as bad as it seems. Stop losses probably spooked people into cutting their ride short.
 
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