Imperial,
Without trying to downramp given my companies again have some CNP, I expect the share price to be lower than current price towards the 30/6/2008. When I previously called a drop from 50 cents area, all the rampers rubbished my posts, but in fact the share price dropped to under 30 cents & traded around 25 cents for some time. Again I believe it is higly likely we will see sales under 30 cents again before 30/6/2008.
At that time I explained selling my holding & buying back cheaper increased my purchasing power because I could hold more at a cheaper price.
This time I will hold current holding but generate funds elsewhere so come late June I will be able to buy quantities quickly from tax loss sellers. CNP is a very easy share to buy because always plenty of stock available for large purchases.
As stated previously I believe there will be a huge amount of tax loss selling come June.
Long term holders can ignore what will happen in late June, but many traders will suddenly have a change of mind & sell into the tax loss selling as well.
Currently working on building the bank to fund purchases late June.
Recent posts on where I hope to generate funds can be found in my favourites list, including a interesting post yesterday.
Regards
Buffett
PS No investment advice given on shares please do your own research
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