OTCPK:CTNXF - Post by User
Comment by
jobperkson Jan 26, 2011 9:50am
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Post# 18027807
Caught with their pants down
Caught with their pants down
You may be right that the stock will drift down while we wait, but I'm with Warant in thinking that the replacement shares won't come cheap. I've been greedy before and making a buck is what this is all about, but low volume stocks have a habit of rocketing on good news. It can be really hard or expensive to re-establish your position. If it drifts down then I for one will buy more. There is too much potential of good news for me to look at this as a selling opportunity and I wouldn't want to get caught with my pants down.
----------Original Message Posted 1/26/2011 5:33:03 AM----------
I believe the point that Rich was making is that the stock price could of went to 60 cents or more if all investors heard the news from Little Deer at the same time. There was some 4 to 5 millions bought before the news came out (same as THR). So when the news was released to the public, there were a lot of shares being sold to make a quick buck.
In the long term CGP will rise, but in the short term the share price will sink down again because there will be no results from the 2 flagship projects until April some time. Those investors that bought a week before the news was released are again on the sidelines......again waiting for inside news. Management should tighen up this process.