Yes I am upset about todays fall, however consider the following;
1. Most probably UBS continuing to decrease holding (no surprise).
2. At this price, becomes a real target for a predator!
3. To be honest, I don't see much difference between $1.20 and 80c. I had my parcel at $1.28 and still have my same parcel at 86c........do I feel any different?
No I don't feel different, the same risk / volatility is still there. All it takes is 1 bad announc for it to drop to 40c....does it matter if you are in at 1.20 or 80c???
4. Every stock has risk....if you want a guarantee, then put your $ in a term deposit. Most of us at HC have a porfolio which nets you winners and losers, but the real attraction is watching your stock go up in GREEN (we love easy money). CNP at present is high risk, but geez you can get a HUGE RETURN if it comes around.
I bought at $1.04 and I will either lose the lot or if it comes good, then I see it at above $3 and paying a nice divi.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
