CVN 0.00% 20.0¢ carnarvon energy limited

movement at the station, page-4

  1. 1,138 Posts.
    I was away for the ann that pushed it up to 68c. That move, like a big fall, shakes the tree pretty hard and some of the sell off back to 58 was just holders suffering from vertigo.

    Since then the buying has been serious and sustained, mostly overwhelming the sellers. I think it is more than just pre ann buy ups to then dump.

    After where this SP has been you need to be confident to buy big at these levels.

    Well founded confidence anyway. Similar buying pressure took it up to 80c before the rot. This year more consolidation, POO been down and recovered, and the playing fairway gets bigger. Throw in Warro maybe.

    I too am suffering from vertigo at present but it has a healing effect on the portfolio that was badly needed.
 
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