yes, stocks go up and down all the time and no one should be shot for saying that a stock may go down.
However, in my opinion, if ctp was to fall from these prices in the short term it should have done it after the quick run up to 9 cents yesterday. From there it held well and closed at 8.9 cents. Fundamentally, i see no reason for this stock to move negatively in the short term provided that the results of the BG meeting are good. If so, i would argue that the stock will continue to rise in mid term and become then dependant on the drilling campaign and its success.
i see no reason for a massive backflip in overall markets as confidence continues to build.
Bring on the announcement with results of the meeting and drilling campaign so we have something real to talk about.
cheers
CTP Price at posting:
8.5¢ Sentiment: LT Buy Disclosure: Held
