In CVI's case, apart from their assets and in-house management skills, there is another ongoing message here.
It appears most serious backers want to see higher prices...lol, who doesn't...but in this case it appears they are not simply bailing with each price rise...this is an important observation and in light of this, it may well be that the recent days of carnage have done little more than "help the cause" by facilitating the otherwise earlier exit of most of the temporaries.
We shall see.
Not one trade from me here yesterday...and probably not likely to see one today.
Time to let it just do it's thing, then look back when all the turmoil has passed...say in a month or so...and wonder what all the fuss was about.
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
