Nuvista Energy Ltd T.NVA

Dead cat bounce

[LittleYerry]

To me, it looks like the Dow, oil, and even our baby NVA is nearing the top of a "dead cat bounce". I may be a bit biased because I temporarily sold the last week or two but think that is what's happening. I can't wait to eventually go long NVA again in the coming months but Inicator and Alveraz seem to have been right about this in the medium term. GL

[Oldnagger]

Being a trader can be painful. you risk losing out on opportunities. NVA could run up and then never look back. The low was on July 14 at $8.24 so we are up 23% since then. This dead cat is made out of India rubber !!

[LittleYerry]

I don't disagree with you. The fundamentals for oil are still strong.

[Oldnagger]

I once worked as a cargo trader back in the days of 30 dollar oil, i knew then that futures trader could move prices up or down by a buck. This was done mostly to manipulate physical cargo pricing which was based on loading dates and discharge dates (cargoes were lined up to all load at the same time and then discharge at the same as they passed in and out of traders hands. All this came to an end

[alvarez2]

You might be right however for myself........constantly on the lookout for the 50% or better sales. If not here......there's always somewhere else.