privateeers circlie troubled centro, page-31

Sarcophagus....... "Why buy more?"

IMO, the only reason you would be long on CNP is if you believe that the company will survive (which I do).

So, day trading aside, if you invest in CNP LT then you will either loose all of your money or make a killing.

This end result will have nothing to do with short selling/day trading but will have everything to do with LT refinancing/bank support and operational cash flows.

So, if you are prepared to loose your entire investment, AND you have undertaken enough research on CNP that you believe in it's LT survival, THEN WHY WOULDN'T YOU buy at these prices.

Time may prove me wrong. I do believe that CNP will survive, BUT I am prepared to loose my investment IF I'm wrong. I have a LOT of faith in GR's abilities and resolve and would definitely NOT invest in CNP if he wasn't at the helm ATM.

So, in short, taking a LT position in CNP is an all or nothing decision IMO. Your focus shouldn't be on wether you bought at 23, 15 or 30 cents as it is irrelevant in the long run.

Do you really think that the SP will be at these levels IF the banks refinance long term?