2 dollars or 50 cents..., page-6

Hi emark

the stock finished lower for a coupla reasons as i stated several times today

daytraders not wanting to pay up
nervous nellies not wanting to hold over the weekend
people who think because its drifting downwards for one day that its all over
profit takers who also think the highs are over for now
people who have changed their minds and are scared to hold


here you go....

40c....was very oversold, reaction based, sheep following sheep to the slaughterhouse

80c .....oversold,people starting to realise was a cheap price to get back in or in for the first time

1.00.......still a fraction oversold, plenty of buyers still

1.10.......buyers still outweigh sellers so still a good buy

1.20.......was a bit tough today but mainly due to the above comments at the start of this post

1.30 - $1.50......a block setup, i would think that if the SP had dived any further more from this price range would have either sold or move down to sell at 1.20.........they didnt .....most sat there all day.......tells me they are just sitting and waiting.

$1.50 plus.......this all depends on the news to come....good news....such as....."here is our plan" we can reduce debt, keep x equity etc then the Sp will be back over this point.


Now to answer your question......and i do recall telling u to sell in the 1.40's.......you obviously kept holding??

Anyway.....in your situation.....and not mine....I would sell in the first half hour at open Monday......should be back to $1.20 plus by then.......even take a loss if u cant see it getting to or over $1.27 if you have to.....then sit back and watch for an hour and see which way the momentum is flowing.

if your worried which it seems you are......dont what ever u do ..........see it at 1.23 at open.....hold for an hour......see it drop to 1.15 then sell at a bigger loss.

Not to say this will happen, but whatever you do , be precise and dont change your mind 10 times......cheers



Also....I had dinner with a guy at the pub......he tells me that they (CNP) might be pulling out 2 billion from the trust funds over at CER to pay down the debt for now at CNP......then issuing further shares to the current CER holders at a very reduced price.

Anyway thats the rumour.

Can see why CER went up 20% today now.

But it will also have a positive affect on CNP.

Good luck