CVN 3.03% 16.0¢ carnarvon energy limited

profit take, page-2

  1. 19,172 Posts.
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    Not really the place for financial advice Mort but, like you, I also enjoy hearing people's opinions.
    Before the whole financial world fell in a hole, CVN was enjoying an 80c share price with analyst valuations of $1 plus. I remember when the first or second wave of selling hit and a friend of mine announced he had picked up stock for the comical price of 37c. It then went to around 60 and I vowed never to let an opportunity like that pass me again.
    As the share price moved lower and lower I continued to buy, all the way down to high 20's.
    Even though its taking a little longer to enjoy the fruits of my committed decisions, with Ted and the gang formally entering the ASX200 on Friday and sentiment inching back to the positive, CVN is now heading back to where I believe it belongs.
    Am I selling?

    Absolutely not!
 
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