The subject line of this thread is what I truely believe CGP is!
Disclosure: I have been increasing my position substantially in CGP over past weeks at various prices.
Now before I’m accused of being an up-ramper and told to put my feet back on the ground and come back to reality there's a few things I'd like to point out: CGP has a hell of a lot going FOR it at the moment. And investing/ trading is all about timing and buying/ selling the RIGHT stocks at the right time..
Firstly, We are on an uptrend and constant buying has broken most resistance levels all the way up to where we've been (and on any pull backs the stock in CGP is being constantly soaked up). Secondly, we are pending much news before end of this month such as Quarterly etc and further news after this. Thirdly, Bios are showing great strength in this market at the moment and many are increasingly liking the prospect of putting their money into Bio stocks which is good for CGP. Fourthly, people like the ISN story just like they liked MAT and BUX when Nickel and SIR was hot and so this imho gives people the added incentive to take a punt in the CGP story. Fifthly (is that a word? I don't know or care!), Martin Rogers is involved here, a man who has a proven track record in bio turnaround stories i.e. PRR which as TH rightly points out saw almost 100baggers; which also adds confidence into this emerging story. Lastly and most importantly, this product could reap a huge amount of money and have huge success for all shareholders nationally and internationally imho.
I like the trading that I’ve seen on CGP (a lot!) since early July and I especially like the buys I saw on Fri 26 July. Irrelevant i know but I recall seeing these similar large NXXT buys on NEA in early April 2013 including one for $130k at 0.12 per share that I watched go through, then 18th April several days later NEA reached a high of 0.25 per share... Over last few weeks I have been watching CGP like a hawke and the trading on it (despite being in several other continents during the course of July!) and have really noticed the stock in this constantly being bought up and mopped up and various resistance levels broken again and again. If you review course of sales from 26 July you will see the $131k buy, another $70k parcel and various 20k parcels and it is very obvious that smart money is moving in and/or someone with a lot of cash has a lot riding on this and has the confidence to do this. Which bodes more confidence for us imo.
I am certainly no expert of any kind and don't pretend to be, but I truly believe that CGP is on the yellow brick road to a much larger major rally and that at 5.1c per share, we have only just seen the start of this CGP rally.
Antonswig “Does lightning strike twice?” (re ISN rally in relation to CGP). I think that YES in this case !
Best of luck to all shareholders. This is just the start.
All imho, please DYOR.
CGP Price at posting:
5.1¢ Sentiment: LT Buy Disclosure: Held