why would you sell....., page-8

I did have a substantial holding of cvi and sold on the second day of the big retrace a couple of weeks ago.

Since, I have bought back into cvi in the mid 20's and I am holding back to buy more perhaps in the next day or two.

Where the s/p will settle short term nobody knows. I have my own personal belief of where and when that may occure, but as with everyone eles, I dont know for sure.

My personal opinion however, and I may be wrong, is that cvi will settle in the low .20's.

My fear is that cvi could retrace down to the high teens although I think this unlikely.

In any event, I am waiting to get back in with substantial funds as I, above everything else short term, believe that medium to long term, cvi does have a very bright future with all the cards it holds, quality of management etc.

I bought in first at .15, then 13 and 14 and then bought some more on the way up. Like most, I took up my entire options rights isuue which I am now holding. Not a small amount either I must say. With the benefit of hindsight, a wonderful thing particually with the share market, I should have sold my entire holding in cvi the day after the entitlement expired at around .35, but I didn't.

That is in the past.

So what to do? I am sitting on a holding of cvi right now a little less than 6 figure sum and options of around half that. So my exposure, while not huge is still nonetheless there.

Good luck to all. We are all in the same boat........some of us are sitting a little more comfortably than others though.