The way I see it is this will head south (for now) because that holder might exercise those options at a nice profit, as well as the continued sellers taking profit and people in a panic.
I guess we will see how supports hold on monday, my plan is to get back in at a considerably lower price. Just remember, that options holder can sell right up until 25c and be in profit. It all depends if he wants to stay in CPV for the long haul or intends to get out with his tidy profit.
It's a shame this has all happened because I'm still bullish on CPV as a company (but not on it as a ticker for now).
CPV Chart Thread, page-2803
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 (20min delay)
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Last
42.5¢ |
Change
-0.015(3.41%) |
Mkt cap ! $103.1M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 42.0¢ | $75.03K | 177.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 655 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 22000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CPV (ASX) Chart |