CVN - Carnarvon Energy

[magnale]

Are you all spec buyers and sellers? Are you not interested in the quality of a company, that is a well run debt free, and one that should bring us real rewards if only we are prepared to wait ? I remember when Oil Search went through the same stage as CVN is at, and it was trashed in much the same way. I guess it does depend on whether we are prepared to wait .

 

[Garpal Gumnut]

Are you all spec buyers and sellers? Are you not interested in the quality of a company, that is a well run debt free, and one that should bring us real rewards if only we are prepared to wait ? I remember when Oil Search went through the same stage as CVN is at, and it was trashed in much the same way. I guess it does depend on whether we are prepared to wait .

Mate its a stock not a religion, ok.

Rather like a maid met on a footy trip overseas.

Who are "we" ?

Stocks are to be held until they outlive usefulness to the holder.

See Garpal Gumnut's dictionary of stocks and shares.

gg

 

[magnale]

Thanks GG ....just expressing a view: yep I certainly am not interested whilst overseas, bedding maidens:

 

[skc]

This look like a good stock for the trader with patience. In this case, the patience required is to wait on the side line until the stock turns up again.

Mate its a stock not a religion, ok.

Rather like a maid met on a footy trip overseas.

Who are "we" ?

Stocks are to be held until they outlive usefulness to the holder.

See Garpal Gumnut's dictionary of stocks and shares.

gg

What kind of footy trip was that?

 

[UMike]

This look like a good stock for the trader with patience. In this case, the patience required is to wait on the side line until the stock turns up again.



What kind of footy trip was that?

A good one by the sounds of it.

I am finding apart from banks and property a lot of the stocks are just waiting for a more decisive outlook.

 

[JTLP]

POE getting hammered as I type.

I must admit i'm pretty hammered but it doesn't bode well for CVN on monday's exchange.

The production decline is also going to be a factor...as well as this stronger aussie dollar is really going to eat in to the profit line (already outlined on POE marketwire ann).

18% down...mmm maybe another insto will jump on board...

Kiss hug from JTLP who is in VIENNNNNAAA!!!

 

[Garpal Gumnut]

POE getting hammered as I type.

I must admit i'm pretty hammered but it doesn't bode well for CVN on monday's exchange.

The production decline is also going to be a factor...as well as this stronger aussie dollar is really going to eat in to the profit line (already outlined on POE marketwire ann).

18% down...mmm maybe another insto will jump on board...

Kiss hug from JTLP who is in VIENNNNNAAA!!!

Its buggerising around price wise .

I'll wait for .30 and get back in again.

Technically it looks as if it will tank.

gg

 

[sall123]

cvn is on a downturn in my opinion. I have seen some news about it and i dont recon with will power through like other stocks.

 

[eddyeagle]

The down-trend continues. At some point there's going to be a great buying opportunity but just wondering how low it can go? 40c? Glad i took some profits as it was heading up!

 

[grace]

I just hate when GG announces on here that he is out of CVN, it normally means I am going to lose a heap of money on paper.

 

[doogie_goes_off]

I can't see CVN going below 38c but that's on a chart basis. The last announcment read something like, still busy, some technical issues, be patient. I reckon we may see 60+ cents once the wells in development make production figures, that's all the market seems to understand. Tanking price = buying opportunity?? GG if you wait for 0.3 and get some at that price I will be very impressed.

 

[johnnyg]

Some thought.

Today was a reasonable bar, gaped down however closed just off the high on a big increase in volume. The bar was reasonably tight ranging in nature which concerns me a little. Definitely think there is still some selling taking place keeping a cap on higher prices. I'm tempted to try and pick the bottom here and get a nice tight entry, however will probably wait a day or 2 to see what transpires.

I wouldn't be too keen to see prices fall much further, I'd like to see a low volume push down to the 0.47-0.48 area with the bar closing high.

 

[Garpal Gumnut]

If CVN falls below the 61.8% retracement, then technically CVN is going down down down.

If it holds and takes off up then its a buy.

Simple

gg

 

[jonojpsg]

Personally from looking at their last update, I would be selling (if I held). Decrease in production and issues with the latest exploration/development wells as well as declines in rates from existing wells makes for downward pressure on the SP IMO.

Note that I have not looked in detail at the data though - more a gut feeling based on the up front production figures and issues raised in the update.

Hope this doesn't qualify as a downramp, I'm certainly not looking to buy in!

 

[Garpal Gumnut]

There seems to be some buying support for CVN at 50c.

I may be tempted in as its the 61.8% fibonnaci retracement from low to high.

My gut feeling is it will drop to 42c , but gut feelings are not to be trusted.

gg

 

[johnnyg]

I'm still only Paper trading my own system atm, but I have 'brought' 1/2 position @ 0.53 on Friday. Will buy the other 1/2 if prices get up and through 0.60. Don't like trying to pick bottoms, but feel the potential R:R is too great to ignore.

 

[Garpal Gumnut]

I had another look at my chart posted today and its behaving like it did at the 38.2% retracement.

Perhaps it will fall precipitously.

gg

 

[Riddick]

Trendline looks bad for CVN. 40 is definitely not out of the question. The PE is way high too.
I did buy this stock for 30 cents in Marsh this year and sold out at 83 cents, so I like this company. I just don't like it at the moment. If it hits 40 I'm back in.

 

[fureien]

how do u use Fibonacci for stocks? i often hear people mention it. until now i always thoguht it was just a nice number pattern/sequence. not something u can actually use

 

[glendem2]

CVN is still on SELL signal for the Daily and Weekly timeframes. Weekly gap fill at 56-57c is the upside target I am watching to possibly short again.

DAILY. 200ema (54c) is providing resistance. MACD still on SELL. STOC is rising with 1 more day upside possible, before a possible turn down. RSI looks like it wants to head south again. Upside 54c, Down target 42c

WEEKLY 200ema (34.3c) has provided long term support and it still rising 0.1c per week. MACD is on SELL , with STOC (23) and RSI (44). Upside 57c, Down Target 33c.

A break above 60c and hold for 3 weeks is required to turn the wekly SELL signal