ABC (abc) dropped to the low $1 mark then rebounced to where it is today $2.15, thats a nice $1 bounce love to see that today. But as exciting as it may be i feel a more steady gain will be more sustainable.
A 33% gain today will see it close at 76.5c, and give it another great 33% rise on monday will see it at $1.01 on monday close.
Now a month ago Glenn advised us he wasnt selling any assets, and we seen a sustain rise for three days. Anything is possible!!
Another thought would be if the SP could sustain a 10% gian weekly over 6 weeks, this would see the price at $1.01 by the end of the 6th week. Oh the other hand a 33% gain weekly over 6 weeks would see the SP at $3.18 !!!
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held