Kris Sayce is one of those writers who sends out a daily squeeze page with various stock tips & testimonials from happy investors who made staggering profits from his selections.
He has a pretty good track record as a stock picker.
He has had some very big wins over the past few years.
When he selected CTP he really got my attention by suggesting that this was the riskiest stock he had ever 'tipped'.
He also suggested that CTP could be potentially one of the most lucrative stock picks he has ever mentioned.
It is clever how that works, but I like the stock based on those two criteria alone.
Unbelievably risky but with untapped blue sky potential.
To me it has all the hallmarks of a cult stock.
Could it be another MEO or maybe CDU or even a KAR?
When he first mentioned the stock it was trading around .14c from memory but has since halved in value.
Various capital raising's and the recent market sell off has brought the stock down to very attractive levels imo.
I bought in at the mid .6c range as I thought the downside from there 'should' be limited.
If the overall market does have a decent rally from around these levels, a stock like CTP could easily double.
If it has any half decent announcement,it could really run.
Stocks like these can make you rich for relatively modest risk.
That's why I think it can become another new cult stock.
I don't know what actually makes a 'cult' stock but it is a phenomenon that can make you some serious money if you find one.
I think you can always afford to have one of these type stocks in your portfolio.
CTP Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
