Jami,
"CVN is a junior oiler. Basically will move up on good news and recede on lack of good news, or crash on bad news."
It is the deviation from that behaviour that we are debating here.
From my perspective there was no bad news released for CVN, However it appears to me that there was unexpected bad news released for POE, a loss (albeit forex related) and for them the production decline. [NB This was not a bitumen or Indonesian related fall]
CVN had already declined a lot over 3 or so months, POE had not. Nevertheless CVN aped POEs fright.
Still seems to me like some insto has linked the two prices, for no good though. Hey someone may now even be holding the low liquidity POE down to gobble up CVN from the bargain bin??
Hey, I am only fishing for reason in an irrational market.
EL
Jami,"CVN is a junior oiler. Basically will move up on good news...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $80.01K | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1576649 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 319098 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |