Gred my worst may come true as you rightly point out the value of the share technically. However sentiments may not let that happen as people have bought under SPP for 0.69 cents . Plus I think MM is highly speculative and wise investors may spread their risk on not so speculative and fundamentally strong shares. Someone will make money on this which is always true when you speculate.
I bought a thousand shares @0.76 and will hold on for $1.50 which is my target price to get out.
If that doesn't happen and it falls below 0.50 which is my stop loss target i will lose a couple of hundred dollars.
its worth taking that risk of a couple of hundred dollars just based on people involved with CPH and their reputation.
CPH Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
