CVN 3.13% 16.5¢ carnarvon energy limited

My take on the low sp presently relates to two differing...

  1. 607 Posts.
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    My take on the low sp presently relates to two differing strategies - traders vs investors. If you are the former, and you believe the sp is heading lower, then it makes sense to exit & buy back in at a lower price. The selling volumes are outstripping the buying demand, hence the drift in the sp.
    If you're an investor, as many of those posting are now that the post discovery herd have long gone, then the drift down is annoying unless taking the opportunity to accumulate. I take solace that the results will see the sp rated according to what is known, and that the slide down now will make no difference in the end.
    There is no way I'd risk selling to maybe accumulate a cent or two cheaper, and then fear a trading halt whilst on the sidelines.
 
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Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $295.1M
Open High Low Value Volume
16.0¢ 16.5¢ 15.5¢ $265.7K 1.655M

Buyers (Bids)

No. Vol. Price($)
2 44862 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 1523084 14
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Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
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