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Thats the problem with chartology - charts cannot predict or explain things such as management reorganizations & sudden changes in transparency.
Charts are good at predicting the past & explaining when where & what happened in the past, but stocks & PPS look to the future.
Ally - yes I am surprised that Dotson was not mentioned.
I guess they just want to keep the news flowing as positive as possible without any negative tones to it.
CPRK seems to be solving some long time lingering problems here in the Spring of 2010. Great time to get into some shares in the last 3-4 months, NOT FOR THE FAINT OF HEART THOUGHT. If somebody likes CPRK long term & they missed the buying opportunity, they going to be sorry years from now I think.
If you truly believe in a company & you do the research, you have to buy shares when everybody is thinking the worst & the stock is tumbling. I bought Las Vegas Sands back in March 2009 at below 2/share when everybody was saying bankruptcy is imminent. I did the research, no way was LVS going bankrupt (too many assets, too much future revenue potential, too many people willing to invest in the future earnings etc...) LVS ended up doing a 2 billion $$$$ IPO in Macua China on the (Hong Kong, Hang Seng Index) listed as Sands China.
Same with CPRK - a lot of assets in the ground, a lot of potential future revenue & earnings. There is always a bank or investor(s) who will risk financing a business if the business can show they have the potential. CPRK must now generate the copper & iron ore at acceptable output levels & assure investors/financiers they can fullfill this potential.
Its all about "sustained" production & good management decisions over years going into the future :)
FOX52 nailed it.
I dont thik anybody will doubt "The Fox" again.
FOX also said that the shorting etc...will continue until we get the stop signs cleared at the brokerages.
CPRK is breaking out however - nice to see this happening.
Las Vegas Sands is breaking out also - overall great day so far - hopefully this continues :)
Webtime - I agree with you.
If in fact CPRK starts to rise towards 0.01/sh & beyond, a lot of people may want to sell some shares to at least book a profit or break even, concerning people who bought in at various levels as it dropped from 0.02/sh months ago.
However, I think this is actually the time to hold. Good things are starting to happen at CPRK, so why sell out now. From my experience, about 20 years of trading, almost every time I buy a stock & it drops, then it comes back up to where I bought it & I sell it at break even - I regretted it because the stock just kept going up after I sold it.
If CPRK doe's in fact become prosperous (you never know right now because its still pretty much speculative), this stock could very well turn out to be a huge growth stock over the next 3-5-10 years. Growth stocks that steadily climb over years can make a person "big money" as long as they are loyal & hold the shares through the good & bad times.
Another factor is - many stocks have already recovered back to "descent" PPS levels on the NYSE & NASDAQ exchanges so its not that easy to just sell out of CPRK & turn around and position your money real quickly into another stock that is going to make you money. President Obama's health care bill looks like it might pass & Wall St. is not liking this bill passing. The general market could see a sell-off come early next week.
I own 10 million shares of CPRK right now - I've been see-sawing between owning 5-8 million shares the past 3 months, daytrading with 3 million shares on these dips & rallies. I thought about selling some shares on Friday when CPRK was up 40% but I was like - "dont do it this time, just hold the shares" because it could pop in the next few days or even weeks.
If what one poster said is true about the management changes & the STF & LTF etc... (and I dont think he has any reason to lie),CPRK could very well reverse the losses & start the growth stock cycle.
This is the kind of action we need - sustained gains.
Yesterday up 6%, today up 36%, going up slightly at the close instead of panic selling & profit taking/shorting at the close.
CPRK needs sustained mill operations, sustained truckload deliveries of copper, sustained revenue & a slow sustainable rise in PPS back to 2 pennies & beyond :)
Wow - CPRK is up big today :)
I was thinking about selling a few daytrade shares but maybe not.
CPRK could be turning the corner starting today.
From the Chippas show - I assume the mill is up & running now 100% - is this true????? They said the magnetite alone would cover the companies monthly cash burn rate. Copper prices are fairly high right now.....I think I might just hold all my shares on this rally.
Now we need these so called stop trading signs removed from the brokerages & long term financing. Also - hopefully no more PPS destroying dillutions.
I guess it was Charles on the show - he said that a share buy back could be initiated when the company becomes cashflow positive.
Bill Chippas show - They stated that into the future, as long as the production remains constant, the money from the magnetite alone will be enough to cover the companies monthly burn rate.
Enormous potential in CPRK - CPRK is risky but....thats part of the ballgame.
Not a bad day in Beaver County Utah
We need forward momentum, the mill to definitely be running, revenue flowing into CPRK's bank account, long term financing resolved & sustained gains :))
Utah
A mutual fund, hedge fund or person can short a stock as long as they want.
If your shorting a stock using your own money (no margin money/loans from brokers etc...), you can short it for as long as you want with no interest fees.
However, if you short a stock on margin, say you have $50,000 & you short CPRK with $60,000 - you pay a monthly interest on that $10,000 margin money loan. In addition, if you short a stock on margin money & your losing money, you will quickly within 3-4 days get a margin call from your broker telling you to either liquidate your short at a loss or deposit more money in your brokerage account to cover your current loss.
Large brokerage transactions are more complex. Brokerages can get loan money from large banks that far exceed what they have in cash (to leverage on stock investments). The trading divisions at large brokerages & hedge funds tend to get out of large short postiions quickly when they start to lose money on a short, because they are paying a lot of interest money to the banks that loaned them the money. Thats how massive short squeezes originate - big money managers are losing their shirt on a large short position + interest costs - so they are forced to cover quickly or face a massive margin call from the bank that loaned them the money.
The huge market drop in 2008 was the result of many institutional investors being "long on stocks/commodities on margin money" - when the market started going down - all the money managers had to unload their long positions or face a huge margin call as the market dropped off the face of the earth.
Colorodo - whoever is shorting CPRK most likely shorted at a much higher price (like 0.02 or higher) so they really dont fear if CPRK rises 10-20%. If CPRK gets a good one day 50% rise that sustains & then starts to string together a series of 10% increases over a few weeks - then you will see some shorters getting nervous & covering.
Once again - the mill running is uncertain & long term financing is still uncertain. Too many uncertainties holding this stock down right now for shorters to get nervous about covering.
Things change fast - hopefully things change fast here at CPRK & we get some news that puts FEAR into shorters & sellers.
Fear of a stock rising & sustaining the rise - thats what puts fear into a shorter.
Added 1 million more CPRK shares today at 0.0028/sh.
These are still good buy in prices I believe :))
TrueBlue - I'm pretty sure whatever hedge fund(s) is shorting this stock big will also be the same entity that catapoults CPRK higher later on. Serious investors want to know the financing is in place before going in on the long side. The mill not running has not helped out either.
Once CPRK gets the mill up & running producing copper/revenue, then its long term financing, then its debt paydown time, then its share buyback time, then its longs rule & shorters will be the orange in the apple basket.
Right now this stock is dominated by uncertainties, fear of selling off, fear of stock splits, fear of more dillution, fear of bankruptcy etc.... Later down the road it will be dominated by incoming revenue & fear of missing the upside.
Victor Frankenstein (pronounced Frahnken-steen)- the neurosurgeon in the movie Young Frankenstein, who had spent most of his life distancing himself from the legend of his grandfather who created the monster.
Like Victor said - GIVE MY CREATURE LiiiiiiiiiiiiiFe :)
Give the monster CPRK ................LiiiiiiiiiiiiiiFe :)
A friend of mine told me he was able to buy shares of CPRK on Scott Trade today - things are turning around slowly :)
One good trend I am noticing is that with the PR news last week, CPRK has somewhat settled at a higher level with some stability.
The 0.0030/sh level was broken yesterday, but CPRK put up a good fight to keep it above 0.0030/sh and then we got that nice 40% pop today which is selling off but its holding in the 0.0030's now.
In summary - its not just all "downhill" anymore, last weeks PR put some fear into the doubters, sellers, shorters etc...and we are seeing some nice PPS recovery days :))
Nice day today
I have a core long term position now of 5 million shares which I wont sell for any reason & I've been daytrading some on the side with 3 million shares.
Not bad - I've been making some nice hits recently daytrading these 35-85% "pops".
Once the long term financing starts to look like it will materialize I will load in the 3 million daytrade shares & just hold them as long term. I definitey want to be "in" with 8 million shares (instead of 5 million) if this thing looks like its going to explode towards 1-2 cents/share.
Dead Cat bounce - well - half a dead cat bounce anyway.
CPRK lost about half of the gains or so since Friday.
Thats why I sold some off when it was 85% up - you know its going down at that point, the stock is way too manipulated to keep going up.
Today was a dead cat bounce, without the bounce. I guess you could say today was a "dead cat".
Legacy - Trust me, there is nothing I'd rather do than just buy & hold a stock and watch it go up without doing anything. The environment in the pink sheets trading arena as well as the NYSE/NASDAQ etc...is a gamblers paradise environment. Stocks move up & down with little SEC oversight, its like an anything goe's casino where the small guy usually gets blown away by the big money. The rules are few & somewhat corrupt, but legal nonetheless because the government say's they are legal (naked shorting, computer speed trading(dumping blocks of shares), collaborative trading between multiple brokerages/hedge funds, options speculating etc....its all happening & the SEC wont stop it). Anytime a stock goes up 100-200-300%, you gotta take a few profits or they will evaporate by the next week.
CPRK (pink sheets in general) are a buy & hold nightmare. They go up 50-100% than they sell everything off, on & on until there is a reason to not sell off. CPRK is starting to get there, but with no long term financing & a mill that is down - there is still reason to sell off big or form short positions. I dont short pink sheets, but I have shorted some S&P 500 stocks, but I have not shorted in months - too dangerous now.
I knew CPRK would sell off a little this week when I saw it up 35% on Thursday & 85% on Friday, no way are some people not going to take profits. I held 5 million shares & sold off 3 million as it hit like 75% up on Friday.
Hopefully soon - there is no reason to sell for short term profits. I'm long 8 million shares, of which 3 million I will trade in & out of until we get news of long term financing & a mill running & producing revenue like they have projected. I only sell for short term gains when the stock goes up like 25-30%.
I just added another 1.5 million shares at 0.0032/sh.
So, I've bought back everything I sold last Friday (3 million shares).
Like some have been saying - CPRK is still the same company they where last Friday, if we liked CPRK on Friday, we should still like them today.
Its just a matter of time now - they have to get that mill running & at least meet production expectations. They have to secure a loan to finance future business & pay off debt. Once CPRK gets these jobs done we will see sustained gains.
XBladeBob - thats the problem with the whole market & U.S. economy.
Wealth was destroyed in the last 2 years like never seen before since say 1930's. I am currently sitting on gains of over 1000% in my Las Vegas Sands stock, but the stock is still down something like 87% from its all time highs. A lot of people got crushed on the way down. I myself got crushed a little on the way down in some oil stocks. I wised up early enough to get out of the market altogether at about Dow Jones 11,000, then loaded back up at about Dow Jones 6900.
I was watching Jim Cramer Mad Money & Larry Kudlow yesterday on CNBC & both were cheerleading the the USA & the recent gains in the overall market. Cramer said its too bad that most individual investors have stayed on the sidelines & missed the stock market rally of the century. He was cheerleading that some of the banks are up 200-300% over 12 months. Not that great considering most are still down 50-80% overall from November 2007 - how can you be thrilled about that?????
I applaud the gains in the market in the last year & I have made some great gains along with some losses. But it has to be remembered that the gains we are seeing in 2009, 2010 and into the future are being made at the expense of a lot of people being financially destroyed - and unlike Cramer & Kudlow, I cannot applaud that. The USA is supposed to be the most civilized, advanced & stable country in the world - just goe's to show you what happens when 1. Greed takes over 2. Trust in leadership goe's unchecked 3. a nation becomes becomes complacent.
What happens is "Chaos" on a grande scale :)
Mudcat - Same old, same old - I guess your right.
It did feel a little different this time but in the end we still get a massive sell-off from .0050's range. Sustained gains are still out of reach.
I was smart this time - I held 5 million shares & I sold off 3 million shares at 0.0048. I bought 1.5 million back today at 0.0033 & I am waiting to see where we go from here to buy back the other 1.5 million.
When I walked in the door this morning - I had a fear of looking at CPRK PPS - will it be up 25% or down 25%??? - and then I looked - Yup CPRK down like 27%.
I have some free cash to buy maybe another 3 million shares on top of these shares but I am afraid that we are entering another "manipulation" period.
Hopefully this stock can hold the near 0.0040 range & not get blasted back to the 0.0020's range. The stock is so volatile that its rediculous now - its making me not want to increase my position.
Its the sound of silence that scares me - concerning long term financing & the mill operating to generate revenue.
Some of these big shorters most likely shorted CPRK when it was at a much higher PPS. So a few % points to the upside wont make them all cover so fast.
However, if this CPRK rally continues & it starts to eat away at a larger % of their "short position profits", they will all start to cover. Its happening on a small scale basis the last 2 days.
Think about somebody who shorted from say 0.02, if CPRK moves from .0012 to .0040 its a nice chunk of change lost by a shorter, but they are still way up in profits. CPRK travels to .0070 to .01 and the shorter starts getting really nervous & definitely covers that position. Also, as CPRK hopefully continues to go up, new short positions will not be opened & shorters will think 2-3-4 times before they short.
Its all a numbers game & money power play game. Big money managers who have excess free cash from customer money deposits & loan margin money from the big bank lenders can risk running a stock up & down with little worry (average investor doe's not have this option). If CPRK can turn the tide into becoming a positive moving stock over the near & mid term - big money will turn their shorts into longs.
Colorodo - I've been daytrading for 10 years or so. I shorted some stocks in the past, but I never short a pink sheet stock, its just too risky for an average investor.
I cannot imagine holding CPRK as a short at this point in time.
Whoever is short - is not an ordinary investor. These are bigger time money managers who know they can move the stock either up or down with a few clicks of a button. With the shares structure too, it makes it difficult to determine what money is going where, with all the new shares issued lately.
I think pretty soon the shorters are going to have to re-figure their investment to the long side & exit the majority of the short shares. What we need is continued good news, the mine to start cranking up the output again & some resolve on the financing. At that point things will look a lot better than today.
WOW - I just walked in the door & CPRK is up like 60% or something, 50% yesterday.
Congratulations to all of us long term shares holders - Colorodo, Ally Austin, Candy B etc....too many to name.
I'm here with you guys/gals for the long run with 8 million shares right now. Its been painful for weeks/months but now I think we are starting to see the tide turn for real.
Lets hope these gains "sustain" - thats what its all about now - sustainable gains.
CPRK is breaking even right now on the 1 month chart.
Nice day today - we need a few more days like this to get everybody back in the ballgame.The article I read mentioned a share buy back - that would be nice.
If CPRK has any cash - they should be buying those shares at .0012-.0014, no faster way to generate cash then buy your own shares on the dump & run the stock price back up, then later sell a few I guess & convert it to free up some cash.
C'mon baby - keep runnin'
One thing I am sure about - 1 share of CPRK stock is worth 2 tenths of a copper penny.
Thats better than 1 tenth of a copper penny :)
3 million shares is going for $4,200 now.
I'm thinking about adding a few more to reduce my cost.
However - at this point will I just be throwing another $4200 in the trash can or will this thing recover???
Hard to say - thats the mindset of investing in more shares of CPRK now - are we doubling down to reduce our cost basis or are we throwing money into the garbage with more shorting/dillution on the way????????
I always thought - who cares about short term PPS in a start up company - but the lower CPRK goe's, the more I start thinking about short term & wether this thing has the ability & financing for anything in the long term.
I dont know anymore - its the "sound of silence" that scares me :)
How about that finish for CPRK - talk about manipulation - are you kidding me????
Thats what America has been reduced to in the last few years (by the small % of powerful people who run this country & set the rules & playing field for the rest of us) - gambled upon manipulated financial & commodities markets, corrupt banking system, real estate devastation, the buddy system in Washington DC etc...... and in the end -"nuttin' much moves anymore in the valley of red tape in America" :)
I dont know anymore gang - whats it all about in America?? I'm married, I go to work 5 days a week at a steel plant in Michigan, I bust my behind like the employees at CPRK (the actual employees who pull the copper out of the ground) but I am losing faith quickly concerning the long term viability of the American system in Washington DC & Corporate America - way too much corruption & its all legal. I feel like I am wasting my time somewhat trying to build a life here anymore & investing in U.S. companies. What else you gonna do though - we have to keep the faith somehow & hope things get better. It could be worse, I've seen worse, & I've seen better :)
Exactly XBladeRob
The PPS will continue to fall until CPRK reverses the destructive actions of its business.
Right now the company is desperate for money & the PPS shows this.
They've been negotiating long term financing forever.
What we need now is an acquisition by a larger miner & an offer for 2-3cents/sh. That a better deal than 0.0016 & more dillution coming down the pipes cause they got no other cash sources.
The PR is the following....................etc etc etc
There is no PR
This things going down - a little more each day until nothings left.
Looks like a zero point zero zero two zero close.
Lets hope that 2 dont become a zero one day.
Dow Jones up 170 points, CPRK down 13% - wow - I'm sure glad I own an equity position in a start up copper company :)
Hopefully there is better days ahead - seems like I said that 4 months ago - I hope I dont say it again in another 4 months.
Johnny4profits
Your right about the brokerage problem of conveniently buying shares of CPRK. Until they get that problem fixed, many investors wont want to deal with buying shares. Money will travel elsewhere.
Too many problems right now with CPRK - the recession,the debt, the financing, the winter weather, the mill shut down, the brokerage problem, the money manager manipulation etc...its going to take some time if things are to happen.
I'm just hoping this thing can get back to a penny. Right now CPRK IS a "quarter of a penny stock" and not going anywhere fast.
I think the problem with CPRK price per share is that the company is not giving serious investors any reason at all to keep their money here. Look at the stock price almost everyday now, it may rise 15-25% during the inta-day hours with some money coming in - in the hopes that some good news may suddenly come out. As the day progresses into the closing & it becomes evident that no news will be given, the stock sells off hard. Its been like that for months & months now with the price slowly creeping lower & lower.
I think this stock could explode upward fast with a little good news. Nobody in their right mind would hold a "short" once some good news comes in. You would see a lot of short covering & money coming off the sidelines with a small bit of positive news or numbers.
Bad news is bad news for CPRK.
No news is bad news for CPRK
A speck of good news is great news for CPRK.
C'mon CPRK - deliver the good news soon :)
I like that thinking also.
Its about time CPRK got it's share price back in the ballgame.
We've been down too long now - its got to be getting about time to go back up.
Hopefully soon we will get some information on financials, financing, truckload delivery etc.... Some future guidance maybe etc.... Time for CPRK to come out of the closet with some specific numbers & dates :)
Long 8 million shares & holding patiently - it will be nice if we get a bounce back to a penny.
You would think that CPRK could get some long term financing considering President Obama's State of the Union Address.
Here is Obama's exact words:
"So tonight, I'm proposing that we take $30 billion of the money Wall Street banks have repaid and use it to help community banks give small businesses the credit they need to stay afloat. I am also proposing a new small business tax credit — one that will go to over one million small businesses who hire new workers or raise wages. While we're at it, let's also eliminate all capital gains taxes on small business investment; and provide a tax incentive for all businesses, large and small, to invest in new plants and equipment".
His words sound good but.....I guess things just dont move that fast or work that easy in real life. Actualy getting the money to the banks & getting the money into the hands of the businesses that need it is like "climbing Mt Everest" through a blizzard. A long road that is......
Read more: http://www.cbc.ca/world/story/2010/01/27/f-transcript-state-union.html#ixzz0eV1m7E8E
U.S. Congress has other things to worry about:
1. Which private jet they will fly on next to yet another foreign destination to make foreign relations (but get little done in the end except spending more taxpayer money).
2. Which pork barrel spending projects they can sqeeze into their district successfully so they can get re-elected without looking like a pig themselves.
3. Which restaurant in D.C. they will attend next & how many Grey Goose Martini's they can get down during a breif lunch.
And oh ya - the health care & state of the economy :)
Just my opinion - this country is a mess right now gentlemen.
Lets just hope CPRK survives this recession & thrives into the future.
I agree with that statement - "It just a game".
The whole stock market is a game now since this recession started.
The most manipulation I have seen in 15 years - its happening to a smaller extent on the NYSE & NASDAQ every day - And I do mean every day.
CPRK got killed today - are you kidding me??? Down 42% in 1 day. I didnt even hear any bad news come out really - was there some bad news or just the usual "no news"??
Crazy days in America - the U.S stock market is somewhat like a 3rd world nations market - absolutely no stability/reliability, things can crash in a heartbeat.
Not sure what's going on - but we just lost 32.65% of the paper value of the company in 99 minutes - not good.
You never know what will happen.
However - I'm not going to be negative on a day when CPRK stock moves up 25%.
The time for being negative was when it was hitting in the .002's.
Cheer up - things just might be getting better around here.
If not - we will have to deal with it :)