CVN 0.00% 16.0¢ carnarvon energy limited

Today brought back 2014 memories, page-5

  1. kkw
    7,323 Posts.
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    Hi folks,

    Nothing and I mean nothing, goes up in a straight line. With the SP running so hard last few days, there has got to be a breather, a lot of people would be happy to be out after coming in at (say) the 25c mark. It could be them that's selling as well. Not everyone would want to wait for the blue sky of $1.00.

    I actually top up at 45c, but I am ok with that. If we don't have a correction now, we will only have a much bigger one further up the chain. At least we know we will have a catalyst for an upwards correction; that is next week's final result to add to our 10 mtr.

    Actually, there was already a slight turn around, as it finished 1c up from the bottom. When you look at it, we were really only 4c down on the day. But it's just that we had such a big run to 52c this morning that is making it look worst than it really is.

    Hey, we still have another layer plus PS to come.

    KKW
 
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