I agree, the fundamentals are very important, which is why I often refer to them. CPH has never made a profit, it has always burned through huge amounts of money, it gets that money from investors who lose their money and most of it goes into the pockets of the people running the company!
Again, don't take my word for it, look at the financial reports and see for yourself where all the money comes from and where most of it goes. This is the exact reason the share price has done what it has over the whole history of the company.
I have always said CPH was a bad investment (I do, however, say it's sometimes possible to make money on it in very short term trades). I have never described it as a waste of time. Many times I've explained my reason for watching and discussing it.
If you want to ignore the chart, fine, great, I encourage it! Look at the fundamentals and backgrounds of the directors. It takes more time and work but the picture is even worse than the chart! You don't get a terrible chart over so many years without the fundamentals being terrible, and nothing about that price direction will change unless something about the company changes. There is nothing to suggest anything fundamental about the company is going to change, so you can expect more of the same.
CPH Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held
