CVN 0.00% 19.0¢ carnarvon energy limited

Windsor, “Even blind Freddy can understand that when a share...

  1. 13,918 Posts.
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    Windsor,
    “Even blind Freddy can understand that when a share halves in price it has got to hurt . Most CVN holders must regret not selling at 69 and then buying back in again at 33.5cents. ”

    That is utter rubbish.

    For the few that bought at those silly (or at least premature) prices sure it would have hurt, and sure if a trading had missed selling then and buying back ditto.

    But most CVN holders will be investors. They hold their stocks while they go up and down all the time, and they bought long before Dorado. Most shares in most companies are held by people just like that, and they do not fell pain when their stock is up 300% from what they’ve typically been in recent years just because they were briefly twice as high.

    Despite the reverse on hot copper, if you look at just about any share register it is mostly not traders, it’s people/investors holding through the peaks and the troughs.

    I might add investors don’t typically buy on event driven highs like we just had, they typically will have bought patiently because they intend holding patiently, and they are unlikely to have been swayed by what is hot, or by overbaked house broker valuations either, as they’d probably have long ago gone broke buying at house broker valuations. Only the naive imo would take the Euroz valuation as “fair” value.

    EL
 
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Last
19.0¢
Change
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Mkt cap ! $339.6M
Open High Low Value Volume
18.5¢ 19.3¢ 18.5¢ $453.7K 2.388M

Buyers (Bids)

No. Vol. Price($)
1 208679 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 1051094 14
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
19.3¢
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19.0¢ 19.3¢ 19.0¢ 1022419
Last updated 15.59pm 28/03/2024 ?
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