1. The chart tells me the price has stablised and we all remember what happened last time it stabilised in the 23-30 range.
2. We know that the 30th is crunch time and every aspect seems to be ready for launch (space Shuttle analogy)
3. The movement in the sector last week. I trade AFG and last week we saw a classic bounce off the low of 42 to finish near 50. I'm suggesting that the sector is also stabilising as we would expect 6 months on. I can honestly tell you now - that it doesn;t matter what price you pay for AFG/CNP/CER/AFGHA at the current levels - you WILL MAKE MONEY WITHIN 12 MONTHS!
Job Hunt: I had my fourth interview yesterday as GM for a national franchise of retail stores and was offered the position. I am awaiting writing confirmation of the offer of employment and due to start 9th June (Yes will miss the daily ramblings on HC, but it's been a GREAT 3 months and I want to thank everyone for that. Doesn't mean I won't come home to trading and the occasional work peak. I ALSO have a second interview on Tuesday as Marketing Manager for a large government agency.
So - that should explain ME and my decision NOT to sell CNP/AFG/AFGHA. Been busy the last two weeks working on home reno's - hence why I haven't been around - re-done floor tiles and kitchen + a LITTLE painting. Kitchen cost me over $22,000!!!! NICE KITCHEN BUT!!
iPod GM
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
