Comvita - CVT

[bottomfeeder]

I sold my last CVT holding on Thursday. Eventually made money on this one, but my sole aim was to just cover my losses which were up to $7,000 at one stage. Perhaps I sold too soon, as something us up with the SP, big increases in a short space of time. Still it would take some more positive and extraordinary news for me to stick with CVT. Only time will tell. They still need to raise that capital, and make a profit. Good Luck. I always sell to soon, but you never go broke making a profit, even though it is less than it could be by taking bigger risks.

[kiwidollabill]

Comvita's NZ based retail and tourism arm will be hard hit. Online sales out of their Chinese warehouse will not offset NZ employment at retail.

I'm not sure how much of the daigou channel which they rely on is up and running. Some pretty large (hole in the wall) shops which send stuff straight to China which will be unable to operate.

[nevchev]

Wow,what happened?Came off over 11%

[bottomfeeder]

I dodged a bullet. I sold out at $3.06 and saw the SP go up further. I thought while I made money, I sold too early. I was lucky, crazy market. Just what is going on with CVT. Looks like someone changed their mind about taking over the whole shooting box all of a sudden.

[bottomfeeder]

Yoyo SP. You have to be quick. I was going to buy back this morning at $2.70. Just too fast for me.

[bottomfeeder]

WTF just too hard to predict SP in this climate. Announcement is vague as regards dollar amounts and effect on profit, so am a little amazed that the SP jumps so quickly. Reminds me of a few losers in the past few years (Wynard) which gave so much positive news without quantification, yet the SP just kept going north.

[bull....]

on a tear , mentioned on the thread covid 19 would be good for the stock

[bull....]

comvita is up today people must be buying more for the potential manuka health benefits in combating corona virus?

looking overbrought now

[winner69]

looking overbrought now

You did well on that trade mate ...well done

[bull....]

You did well on that trade mate ...well done

i said it was a contrian play , you only had to look how people were buying up vitamins etc during the march to see the potential. i told balance i sold just to inflate his ego cause he was rambling on about how much dog it was lol