CVN 0.00% 14.5¢ carnarvon energy limited

Neither was the headlong rush for 50c good nor healthy and a...

  1. 602 Posts.
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    Neither was the headlong rush for 50c good nor healthy and a pullback is near enough inevitable.

    Having taken profits can pontificate and observe.

    The Fundamentals have not changed, however to justify higher prices solid information is required. That info is in the process of being analysed, that may take weeks rather than days, personally 30c would suit me for a re entry, that would be Utopia.

    Taking initial 100%+ profits was as difficult as buying in the high 40's today'.

    Unless CVN gets raided, and should we confirm that production is the long term goal, many such trading opportunities will present themselves, depending on how the next 2 weeks or so turn out should confirm in players minds whether they are indeed investors or traders, both positions require intestinal fortitude, neither is right nor wrong, it's basically where one is comfortable as a partaker.

    Personally will discount Capital Raising as an issue for the time being.
    Last edited by AoverT: 25/07/18
 
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