What is most amazing is that the same theme has echoed all the way down since the 22c Global placement of "mad selling at these prices". If it is a dud, its a dud, there is no recovery and the fact is you have to make it back elswhere, not on CVI.
I took a $15k LOSS. Having a 15.5c average and got out at 10.5c average. I would be horrified to be down another 50k now had a stuck to it. That 15k is back in my pocket getting even and the other 50k remains untouched, thank god ! The SP is all that matters, the charts have FAILED the fundamentals have FAILED. CVI is destined to be the next JRV.
50m shares in three days is not "junior retail" trader churn, the churn is helping someone exit. Otherwise the SP would be 1c.
Mate, so many people have lost a packet on this and i know you know that. People need to support eachother and have a plan, not support eachother into the ground and go broke holding. There are no happy faces at the soup kitchen.
I know i have come across as a total butt hole (cant swear)but for christs sake i really do feel for some who are in deep here. People could have traded there way out as i did, and i thank another poster for helping me realise what was really happening in the short and medium term which has now become long term.
People will kick themeselves all the way down to 1c and pray for a 6c recovery to get back pennies in the dollar. At this rate and price there is plenty of room to buy in if CVI did become a real resource company that actually did produce soemthing.
Smart money buying is BS, smart money on options is BS, the smart money was never a holder. MWATTS did the right thing and in a week or two he will thank himeslf.
You are a great bloke Raks and so are other loyal CVI holders, but CVI wont issue you a refund, and MS wont be the one that sends you private emails offering friendship.
Take care here and dont fall for the BS.
CVI Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
