Early, your post typifies the common frustrations of buyers who rely on fundamental analysis, in that many companies price action doesn't correlate with their fundamental assets/income/resource/profit/potential. They sing the tune of optimism until the drag of draw down becomes too frustrating.
In the past I have been ridiculed here for charting CSD and giving my opinion on price potential. But I will so once more for the few who take note. I accept the criticism that charting is not always accurate. But it does reflect supply and demand, and in CSD's case the long term low end demand is between 4-5cents. Buyers who enter and accumulate at this price have done well in the past, and I see nothing changing into the future except the supply line has lowered to about 7 cents. For buyers like myself this is still a healthy 30-50% profit, albeit on small $'s due to the low volume.
The weekly chart tells of the price pattern since 2011. Many fundamental bulls have come and gone since then. Let me know when you sell out Early, as I'll probably be interested in picking your shares up.
![]()
Add to My Watchlist
What is My Watchlist?