CVN is a highly unstable stock.
People chase shadows, then the chartists read momentum, then the tealady get's spooked etc etc.
A lot of people with absolutely nfi in this one, and they spook like sheep (as opposed to how tealadies spook). These nfi people are a breed apart from us clueless bunch, real destabilisers and mostly frightened and ready to depart the market totally...but the only people buying now are the pro's with the huge walls of super money to spend, and they are NOT going to spend it on little stocks like CVN.
Life is tough when there are no buyers. and don't look to the fatties crowd for the next upswing, they have all been burnt chasing illiquid stocks up, but the music has stopped, and many were only going up because the fatties crowd were bidding them up.
Could be a rocky ride, we have not had the general drift down from the deadcat bounce, like many other junior oilers have had.
EL
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $636.5K | 3.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 624083 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 745415 | 12 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |