Hi Flight500, I am also looking at the longer term as I think that is where the real $$$$$ will be. I have held a small parcel since the 50's hence I bought a big chunk yesterday to bring that average right down. I know a lot of holders have been hurt by CNP in the last few weeks/months and mate I would love to see everyone end up with a nice big fat profit.
Personally I can't see the banks closing CNP down as it would be seriously damaging to them with unsecured loans. Not to mention the ASX as a whole. I think they will do what they have to and CNP will survive. Once that happens we can start looking at the divi getting reinstated and then I think we will all be in the real money.
Good luck mate I hope it works out for all of us. BTW just noticed SP moving up again.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held