No turnaround in sight...YetCPG will survive this downdraft but at what $$ level is now hard to say. To keep buying more stock the lower it goes is a fools game. Sure some will win but the majority will lose the bet.
It appeared that a turnaround had occurred when the stock pushed through $10:00 but it was not able to sustain the momentum. The rumors of buyouts by various oil companies does nothing for the investor reading these posts, along with posters crying about the stock they bought at various prices up to $30.00 ... I beg to ask, have those investors never heard of "stop losses" to hold onto a stock that has lost 20 to 70% of their initial investment is totally unbelievable.
These investors should stay out of the market, they have no idea what they are doing and only leads to postings of a bitter nature.
Just my 2 cents worth.
Cheers