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Cereplast, Inc. Message Board

  • nhabib123 nhabib123 Mar 19, 2013 4:55 PM Flag

    explaining the price movement of CERP in the past six weeks

    It rose to a peak of o.o6 in early february and then trending down to where it is today. Two possible explanations for this downtrend
    1) Major negative developments in the condition of the company such as running out of cash and facing debt default
    2) Lack of investor interest and gradual dumping by investors that are tired of the wait.
    I think what we are seeing is the second case. Still not good but there is a chance for rebound. Some new investors might be more optimistic. By no it seems like CERP might be oversold.

    Sentiment: Hold