Continental Fuels, Inc. (fka CNFU)

[PennyWorld]

Ray, I've owned this stock for somewhere around 4 years. I don't have any excuse. I first got into this stock when it was below .10 Then watched it go up to $4 when I had 25K shares, and then watched it go down to .02 this year. I should have sold everthing as the pps slid from $4 to $3.5 but I didn't. Earlier in the year I accumulated a good deal more in shares when the pps fell below 10 cents. I do know of a few investors who bought in over 40+ cents and they feel as they they should ride it out rather than sell. So they hold. I hold because I actually think that this company is going to go somewhere someday. I wouldn't think that way if it weren't for the hiring of Aspes and Sharkey from NVS though, and the securing of the EuPharmed deal. 2A will eventually come I feel. I think I'm in the minority on the way I feel about this though. I just fear the R/S as I watch the O/S climb.

I am no longer a super long. I will not wait for FDA approval or for PNT to make a major market presence. I will sell when there are respectful profits to be taken. Not sure what that threshold is just yet. .50, 1.00, 1.50 ? Depends on momentum and level of retracement as the PPS climbs. I will use mental stop losses this time!!!