It is technically impossible to have an open book discussion about CVI without looking like a downramper because pretty much all of the news is negative.
For the record, I sold out at a loss as per below.
Am I a bitter ex-cvi holder? Yes. I got sucked into this stock and lost my dough and a hell of a lot of time in front of a trading screen and reading and replying here on HC.
I have now invested even more in a stock that I have thoroughly researched and am happy with. I now find that I prefer a high degree of transparency and regular positive & believeable financial & company announcement updates. I am appalled at CVI company performance and the actions of the directors.
But to be honest I am even more appalled at myself for getting involved in the first place and not stop lossing when I should have.
The reason I posted is because I was analysing my stocks that I lost and made money on in FY08 for tax purposes. It was opportune therefore to reflect on what went wrong for me in trading CVI in the 4 months that I was a holder.
You have to admit, the points I raise are pretty shocking and should sound warning bells to all current & prospective CVI holders.
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
