I think it's mainly market sentiment.
With Lehman Brother's finally giving up the ghost a little over two hours ago - it's going to be another bloody night internationally.
There is some potential "good" news, in that once the various short positions on commodities unravel from the Lehman and others fallout - the POO may revert to tracking fundamentals a little more closely, which IMHO is an upward trend.
Additionally I have a feeling that there is a little more damage than is currently priced in from the weekend's storm to be revealed.
That said, the absence of some decent flow rate results may be enough to put some potential "Buyers" off, and provoke some borderline "Sellers" over.
Just my 2cp, and yes - I do hold CVN.
I think it's mainly market sentiment.With Lehman Brother's...
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $556.2K | 3.435M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 271853 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 468186 | 5 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |