swap and buffett, page-32

Hi Harrywyborn. I quit my corporate job about three weeks ago. Currently I'm looking for something else (having interviews), setting up my own marketing consultancy and back to trading. While I was working, I lost about as much as I had earned in the same time. I sold out of my CNP holding at 0.25 having paid 0.50 for the stock. Realised the loss in the FY 2007/2008. I went back into CNP at 18.5 and sold out below 10. Since then I have been trading small parcels in small gaps. I'm GLAD I took the June 29 loss - especially with the tax I have to pay NOW and the current share price.

I STILL believe that in time the company (CNP) will achieve asset sales and reduce it's debt to a level that will see it once again achieve profitability and asset value. I really don't think the share price will be sustained below 10 cent for much longer. When it runs, god willing - it will be last time we see these levels. Right now, the price is correctly marked for the given market and financial concerns. I realise that others will disagee.

iPod
EDITOR & CHIEF