How very crazy seeing the state of the early buys to go madly undercutting each other to sell down.
The people in a panic to leave ANY quality stock this morning (and there are plenty) have NFI....
Watch - check the stock price next week - I mean I sincerely thank you, because I am going to pick up extra stock a lot cheaper today and I am reducing my bid on your panic to get out.
You will find panic sellers, astute buyers and canny lurkers in many stocks today - CVI being one of them. Lots will be waiting to buy, but will see where it settles.
I am guessing it will close back at 15c after the early sell off, as people realise they can't get any lower because the support at 14c is so strong.
Sure - sell your rubbish stocks, the ones that aren't going anywhere - but hang on to the ones with the potential to double in price in a reasonably short time frame - they will keep bouncing and find new higher levels. ....imo...
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