entropylordNot happy with your post as I did hold CVN but sold...

entropylord

Not happy with your post as I did hold CVN but sold out at a profit before the big move down.

Back at 55cents around where it should be.

I will buy back into this stock but my point to all is that it's still a risk to buy at the current top price as;

1. Thailand is an emerging economy, road accidents and traffic hazards are common

2. Thailand has had recent political instability

3. The delivery of oil relies upon road transport opposed to pipeline or tankers, high cost and delivery is confined to amount of trucks that can be filled each day

4. Slow growth in output and profit

5. High Tax on oil share with sovereign nation

6. Risk of consistent profit forecasts is high due to oil price flucuations


These points above outline the risk. Though with every risky investment the upside potential is high.

I will put 12% of my super into this stock cause I think long term ie.1-2years is a good play.

But for short term ie.2008 it has a way to go

See you at the top!