As mentioned last night, we bounced nicely off the trendline today ... (Very predictable)... Lucky I bought some at 40/41... I find it very unlikely to see these prices again!!
That's my only comment tonight and maybe my last for a while... Without anybody directly saying so, I am starting to feel quite unwelcome in this thread
possibly due to my post a few nights ago in which NOBODY cared to respond to (with the exception of
@moneygalore - God bless him) ...
Or may be I am just being sensitive
I don't regret what I posted, and I believe that any investor, in undertaking their research of any company and doing their Due Diligence, should definitely look at both sides of the coin before investing their hard earned cash...
It would be
NEGLIGENT of any investor to jump on such a great HC forum, read all the POSITIVES about a company (in which CNB has MANYYYYY) and to invest their savings into a company WITHOUT weighing up any possible negatives / risks etc... This applies to any of the 2000 stocks on the ASX...
That is all I was suggesting, not down ramping CNB in anyway as I have a real firm belief in the success (and prosperity) of this company... We have
so much to look forward to IMO ... But some people need to form their OWN opinions, not just based on posts on HC, but through their OWN research!
So I just pulled one example out of the hat, (a random example) from my VERY SHORT list of risks ... and then added the point that:
"It would be negligent for any smart and informed investor to overlook such facts in weighing up the potential risk / reward of a stock when making investment decisions"...
Was I wrong to suggest that an investor look at both sides of the coin?I have done exactly that!! and after making an INFORMED choice, have come to conclusion (a long while back) that CNB suits MY own personal 'potential risk / reward'... I see so much more reward than risk!! I see HUGE reward....
I do this with every stock that I invest in...!! If I merely relied on Social Media "possibly biased" posts to determine my investment decisions, I would be FLAT BROKE at this point...
Let's encourage questions / doubts / enquiries that some new investors may have regarding CNB rather than shove all the positives in their face... (And I say this with the utmost respect)
Just one example, as I outlined a few nights ago, regarding the managements teams success in previous companies that they lead...
What would you rather hear in making your investment decision?
1. They reached a 'peak' MC of 800 Mil (I know it sounds nice)...
WOW!!!Almost 1$ Billion!!OR ???2. They reached a 'peak' MC of 800 Mil, and at time of resigning sat on a healthy MC ++ 100 Mil, which was much higher than when they started with an IPO of 15 Mil...
I think I prefer that second
I apologise if I have offended anybody here, and I will still be lurking around in this thread whether you want me here or not, cos I still love CNB
GLTYA
(20min delay)