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Re: steeledge post# 26818

Wednesday, 01/27/2010 1:56:51 PM

Wednesday, January 27, 2010 1:56:51 PM

Post# of 94785
CFQWF I still like this option for leverage. My #1 holding right now is CCLWF as I think it will provide phenomenal returns for next 1-2 years. But seeing how CCLWF didn't really run after approval like I was expecting, at this point, I'm going to keep an eye on CFQWF and see if gets approved. Perhaps it will dip like some of the other Spacs post approval and if it does, maybe I can swoop in and get in on the cheap with the threat of failure behind me. It is possible I miss out, but want to avoid the 100% loss, which I recently realized on a recent SPAC. Over the near term, I wouldn't expect to realize more than 100% return on CFQWF. For me to realize the same return on NEP, I only need stock to get back to $11 range...should be attainable given solid earnings with oil prices averaging more than $65.

Jer
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