Of course a basic tenet of the stock market is that for every seller is always a willing buyer - something that some of us take for granted and don't take into the equation. There have been buyers this morning who must clearly believe in this stock enough to have bought into it, mostly at 12c -volume close to 3 million shares transacted to lunchtime. The comment that someone is selling (with regard to any stock) could also be equally that someone is buying.
I feel that in the above instance re. CVI the price is holding well considering a down Dow day, but much moreso the fact that we are still patiently awaiting substantial positive news. Well, I for one am patiently waiting. I believe there is a good ann. coming - but the above is of course IMO. Please DYOR.
Good luck to all holders.
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
