G'dayFor the chart baggers and newbiesHere's a basic chart of...

G'day
For the chart baggers and newbies
Here's a basic chart of cnp showing the uptrend, the break of support, the retest/double top and downtrend, we all know where it ended, around 24c. Putting that in perspective and to use round numbers, 10,000 shares would be worth $100,000 at $10 and go down to $2,400 at 24c.
Of course fundamentals are useful, but charts can often point to changes in fundamentals or market sentiment. Charts and chartists aren't always right, nor are people who read the fundamentals. It can be extremely complicated to try and predict the future with fundamentals, but some will say it is THE only thing of importance. People can totally miss something in the story. Therefore I suggest newbies make their own decision when it comes to charts. Combine a good story with a good chart and you "might" be on to a winner. Remember, the number one aim is to preserve your capital.
Basic charting with a stop loss would have seen a CNP investor/position trader out at around $9
cheers
Rod