I kept following CNP down from 0.60 to about 0.15 then got out...

  1. 556 Posts.
    I kept following CNP down from 0.60 to about 0.15 then got out after losing a sh**load. Moved onto BNB, made some good profits and some decent loses. Personally, the massive debt scenario and negative news around BNB at this time would not encourage me to get back in. After Allco went down BNB was hit hard. Prior to that it was floating arount the $1.30 mark for a while, now down to $1.00 and below, not sure if it can recover up in the short term.
    For roughly the same money as CNP I've been trading VPG which has no real debt issues and seem like a far more secure LT stock. Low volumes similar to CNP makes it a bit harder to trade, but statistically, it's a good one to buy at close and sell at open....
 
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