I first wrote on HC about CYS when I bought a parcel of oppies back at the beginning of Sep. At that point, the SP was only 25c and the options around 9c.
I made the big mistake of selling out of the options WAY too early and although a big believer in the company and its close proximity to SFR, I have found myself on the sidelines waiting for a cheaper re-entry point.
I decided today that the price I was looking for IS NOT going to happen and imo, I did re-enter today at what I now believe to be a cheap entry point of 37c in the mid-late afternoon. Shortly after this it went to 43c and then ended as we know at 41 with a tiny order on the bell.
Todays ann (although not price senstive), imo was very important. It confirmed that we have some news which should be not too far off and also that it is believed to be practical to use similar/same exploaration methods as SFR.
All in all a good day and i'm glad to be back in!
JS
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Price($) | Vol. | No. |
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