Honestly DP, I have no idea.
Its not a stock I follow. I have no idea about the fundamentals and have only taken a cursory look at the technicals. On that basis I can't see any indication that an uptrend is forming.
It seems to me that the future of CNP is still to be determined. There's a lot of horse trading going on.
I don't hold myself out to be a fundamentals expert. I leave that to others.
If an uptrend in CNP does develop - it will be because some of the savviest investors around have done the number crunching on the fundamentals and have faith in the company.
They will start to buy - and the share price will go up.
CNP could be another Aristocrat Leisure or another QBE. I simply don't know.
But if that is to be the case, the trend will tell you. And if that is the case, buying in at $2 might be a sound investment. (I'm not suggesting that as a figure to buy in at - just a hypothetical figure.)
But until that trend develops - I wouldn't put money into CNP.
Just how I see it.
Not much use really. Sorry.
Cheers
Red
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