Understand that my opinion does not count as I look with no emotion, investment or enough knowledge. Problem is inflated by NQ management that is giiving ammo to shorts and they should have come out with something long time ago. I am glad that you belevie in this stock and GLTY, I mean it.
If you look at the trading patterns and manipulation its no brainer. Where did 5 milliion shares come from that were sold in 15 minutes if there is no shares to short? It was not a long holder that sold and lost 5 millon $. Fanthom shares are on the market and that is criminall activity probably naked shorts and if we had reall SEC this would not occur. This way there is no way that longs are going to win.
Sorryy Evan but that is te fact.
I thought that a purpose for buying Cornerstones was to hold and collect divy but then I saw PPS erosion and got out on time.I f I am going to trrade up and down it will be a stock that moves more than 10 cents a day.
I was not into CFP than but I do beleive you and that is one more reason to stay out until they declare. If its only 2x like it was you are looking at $8.00 PPS.
Dont count on anything longer than two years because contracts will expire and with old rigs AWLCF could have trouble renting them out. Even big drillers like SDRL have a projected PPS at $17.00 for next year, what will AWLCF PPS be is anybodys guess. JMO
I agree with you and all along I was posting that PPS is eroding out of proportion with return and until you see turaround in pattern these funds are money down the drain. Ist not "buy and hold" equity any more, its day traders (10 cents) stock.
They can have it.
Just a piece of advice on NQ. I was shorting those calls every week but you are getting into danderous time frame as NQ is on the rise and I would not short any callls in November.JMO
Yes under $3.50 is a good buy right now but that might not be the case on the end of October or 2nd of January. Dont forget that CFP comes under short siege often and that could occur just before RS and you know why. I will take a look after New Year and if nubers match I dont have a problemm coming back in and what you don know is that I was very heavy into CFP.
Never assume anything look at te figures. With RS coming CFP has to trade 14 or lower in order to make an investment worth a risk. With projected divy of less that 7 cents per diluted share (less than 28 cents for new shares) fund is not a good investment over 14 bucks. With bad markets lately NAV could be $3.70 on end of October return on new share could be 26 cents and that is right return for $14.00. Anything higher in PPS is not worth the risk, because comes May another RO. Understand?
You know how to trade and you have system and gudance that you follow and so do I. until I see a positive pattern and stability in CFP I am staying on the sidelines.
At one timeI had 30000 CFP units but got that Gravol feeling and got out.I manufacture profits with my trades and if there is no positive sign I dont play and at this time CFP is not for me.
I know you are in CFP and GLTY, I mean it.