CVN 2.94% 16.5¢ carnarvon energy limited

rbgould. haha, i will check my tea leaves..Im afraid im a little...

  1. 3,891 Posts.
    rbgould.

    haha, i will check my tea leaves..Im afraid im a little stumped as to why the quarterly didnt result in a little run, so i may hope and feel it should be moving up, but im not in the minds of those selling at 29.5 or even 29c.?

    My own personal belief is that we are going to get a very significant rally in the next month on the back of a base that appears to have formed. Terrible news on the jobs front in The US and up the dow went 200 plus points. Tells me that an Obama relief package has the potential to ignite a 10-20% rally in the not to distant future.

    Any rally is going to see investors jump on to cvn for all the obvious reasons. May not get to 40c, but mid to late 30,s are on the cards in my humble and personal opinion.
    Anyway i have put my money where my mouth is and have a significant position if my gut feelings correct....
    I certainly see absolutely no reason to sell at the current sp.
    Cheers.

 
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16.5¢
Change
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Open High Low Value Volume
17.0¢ 17.0¢ 16.5¢ $1.049M 6.351M

Buyers (Bids)

No. Vol. Price($)
10 257563 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 1803195 22
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