I guess you could say the same thing about LNC over the past 12 months, which has fallen from almost $4 to $1. Overal market sentiment is hitting all risky stocks regardless of the goals theyve kicked in the past and their assets.
Take a look around and survey the devistation.
The current climate reminds me of early 2009 when I was buying BLY under 10c, MGX at 30c and ABY at around 12c this is when everyone thouht they were all going to go under.
I suppose you could say I did fairly well of those trades.
By comparison, CNX hit just under 20c during that time, albeit there were less shares on issue at the time so the market cap was lower than it is today by comparison.
Good fortune to you. Buy fear... sell greed.
CNX Price at posting:
7.8¢ Sentiment: LT Buy Disclosure: Held