I should add...CNP has not actually taken off yet...just one share to hit 12.5c and she will be off.
VPG is far too volatile for me...easy to look back at profits after it is all over...but the degree of volatility wild have precluded most larger players from anything more than a short-term hold.
As I said previously...I am looking at weeks, not days.
Weeks gives you a degree of safety, days could end up either way, with a real chance of negative returns.
Todays is a good example...with a VWAP over 10.5c today, all 36.5m shares bought in VPG today are under water.
Upside exists in stocks yet to launch...not those returning back to earth.
I am not against such stocks though...I took about 70% out of ADY along similar grounds...I would never have risked the amounts I am in CNP though.
As I said...reasons for and against all positions.
Cheers!
CNP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
