Not a crime to be a downramper on Hot Copper but says a lot that you had to start a new thread just to tell us that the CGP share price is heading to 3c and under? LOL! Thanks for that! A bit desperate? If you say there are better opportunities elsewhere other than CGP then please go find them. I really do not understand why there's so many posters on various HC threads full of people who say they don't like certain companies and don't like where the share price is headed yet they still continue to post on the thread on an ongoing basis; some of them on a daily basis! I really don't understand this!
Momentum will pick up again eventually for CGP (like it has chown to on numerous occasions so far). It's called having patience and buying more stock on the dips, or what you percieve could indicate to be a 'dip' depending on what sort of indicator's you use- for me it's lack of selling pressure, increase in volume and big buys, close to news releases, etc).
If a broker or insto reckons it's good value buying $1M worth of shares at 4c per share then that's good enough for me personally as it leads me to conclude: 1) That the growth from sales/ revenue with the product from Q4 could be a huge positive 2) anything under the placement price is fairly good value to purchase if they think that is a good price and also if we tap into the big market for our products where there is huge demand and money to be made
My sentiment is still buy and accumulate!
CGP Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
