RE:Buy and hold does not workI will work if the price of oil stays at these levels because CPG is still undefvalued.
Averaging down or up works too.
There are no right or wrong rules really just a set of circumstances to deal with.
CPG should easily have EBITA of 3 billion this year. And no tax to pay on that sum either.
The market cap is 5.6 Billion (and a resonable debt load puts the EV ~ $7-8 Billion)
Unless something changes that it is a buy and hold for the short,medium and long term.
I am not into day trading as I have a blood pressure issue I have to keep an eye on.
But I will try to swing trade in order to try to earn a bit more than those just eyeing
a multibagger.
G.L.