Don't lose hope. I live in Alameda county in SF bay area. Whole county has abolished plastic bags and stryofoam products. Companies like CERP will do good by supplying biodegradable products. Its matter of time. Companies like this and other environment friendly ones will sure do good in the coming years. I invest
based on tech analysis. The price of 9 day MA crossed 50 MA is one of the indicators I used in my decision to buy this stock. Hoping to sell for atleast 300 to 400% profit.
I told people to buy at 2c, the bashers called me stupid. After news of pending dilution and rs, i told people to sell and wait, pumpers called me an idiot. My advise to you is hold what you have and do not put any more money into this until the issue of dilution and rs voted on in a few month.
I hope you are correct. Although, personally, I would hesitate on investing in CERP based on technicals. The price drop was based on fundanmentals and the recent rise was based on actual news (recouping some of the past bad receiveables and the passage of law in Italy). I don't think this will rise again unless MORE positive news (especially definitive new sales) is reported.
Don't get me wrong--I too am in this hoping for an increase and a 3-4 bagger within the year---but, unless this company figures out how to take advantage of the (seemingly) increase in this market, they will creep on back down.
Based on your 9 day MA & 50 MA crossing, is it fair to say that you feel farily comfortable with the price fluctuating between 0.04 and 0.046? Are you concerned at all if it dips into the 0.03s or does your analysis indicate that scenario would be short lived before increasing back to the 0.05s?