Re-post from JackThe following was the reply from Jack when I was ready to quit:
Sorry to see you go and good luck in your other investments.
The price movement has been disappointing over the past year. In my experience with these type of stocks the "quiet money" just sits back and collects at these levels without every moving the price up (also referred to as "smart money" for the same reason). On the flip side retail shareholders, such as yourself, get frustrated with the lack of movement and give up and sell - even if the story and fundamentals are solid and getting better. This basing can go on for year or more as people build positions. CPT has basing for just over a year in my opinion.
During this flat prce period the fundamentals just keep getting better which frustrates shareholders even more because the stock price does not follow suit. Sure sounds familiar
Then one day when the "quiet money" stops being quiet all of a once it semms like everyone knows the story and the stock symbol. This seem to happen daily on the smaller boards (TSX, OTC, AMEX). Just look at the top percentage movers and you will find several stocks that based for a year then are up 500%+ in a few days as the story catches on. As that point all the retail traders that hung the whole time get rewarded and tell everyone that they knew all along that this would rocket some day.
The reason I continue to hang on and add to my position (slowly) is that the fundamentals just keep getting strong in all areas. Most firms are contracting and revenues are dropping like a rock - not here. I won't even bother going over all the points from the past six months because they have been mentioned numerous times on this board.
Again - good luck and hopefully once the story hits the wires and the momentum rockets we will see you back as an active person. I just hope you don't miss the rocket when it happens
Jack, and others, I hope you dont mind that I've replayed this post.
For me it is unforgettable.
Thanks again..good luck all.
Ken