IAC Charts

[ItsAllCyclical]

CWPC good stock or good story?

For now this momo favorite still has a constructive chart, but a bit lower and it should break hard to the downside.



This should be a red flag for anyone who is long.

http://finance.yahoo.com/q/mh?s=CWPC.OB

New figures should be out soon. Will be interesting to see if this changes at all.

Rather surprised they haven't issued more shares at these lofty prices considering the company is bleeding cash and is expect to do so for a long time to come.

http://biz.yahoo.com/e/060322/cwpc.ob10qsb.html

>> In total the Company experienced a net loss of $19,725,307 or $0.27 per share for the nine months ended January 31, 2006, compared to a net loss of $3,916,775 or $0.14 per share for the nine months ended January 31, 2005. The Company expects to continue to incur operating losses and will continue to be dependent on additional equity or debt sales and or property joint ventures to fund its activities in the future.

We have no revenues, and our operating results, profitability and future rate of growth depend solely on our ability to successfully implement our business plan and our ability to raise further funding, as well as OQIs ability to raise funding for its projects. We currently have approximately $20,700,000in cash on hand which we plan to utilize for current and or upcoming exploration programs and general working capital purposes. It is expected that the Company will continue to need further funding and we plan to fund future operations by way of joint venture agreements and or other forms of financing, including the public offering or private placement of equity or debt securities. However, we cannot assure you that joint venture partners, debt or equity financing will be available to us on acceptable terms to meet these requirements. The Company has no revenues. <<

Hard to find anyone to talk about this stock in terms of real numbers. So far it's just a story, but of course those are the best kind of stocks to pump to the public. Remind anyone of 1999? Stocks w/no revenues were able to run the furthest since there was nothing to meassure them by.

There may be something to this company, but right now it's hard for anyone to really know.

As an example you get comments like this:

http://www.siliconinvestor.com/readmsg.aspx?msgid=22378335&srchtxt=cwpc

>> Just got back. See another CWPC add filled @ $6.88. Now a
250% position. Largest in my entire career which goes back to 1973. <<

But there's no substance. If the story is so good where's the details. Instead you get post after post of buying the dips. Always buying the dips. 30+ years of investing experience and this is really as good as it gets? A BB stock that can't be valued on a true fundamental basis and is losing money? Surely there's got to be better stocks on a risk/reward basis.

Will be an interesting story to watch how it unfolds. I can't say for sure that's it's overvalued as there simply isn't enough information out in the public, but it sure looks speculative with a market cap near $500 million.