CNP is my third largest holding with AFG and ABS the largest , made a decision toi load up on the falling knives everal months back on the view that if one of them survived and 2 failed I would be way ahead.
At this stage I might have 0, 1, 2, or 3 winners , as they all seem in about the same space , reducing debt, getting some bank support, and the selling and shorting seems to have subsided.
The market being at the highest volatility I can recall in 20 years of trading is not good for these on the short term , but as buffet says dont follow the herd , and be prepared to back your own judgement and the contrarian approach.
I hold CNP, AFG , ABS, CBA, ANZ, RIV, PGC, BHP, CEU (is anyone still using it ) OZL, VBA (go baby) and TLS
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
