Composite Technology Corporation (fka CPTQE)

[zigzagman]

I haven't played this one in a while...

But on today's good news, I bought 10K shares five minutes after the opening bell...It hasn't traded since, but maybe this news will sink in soon and we'll get some positive reaction to it...I especially like this part of today's PR:

"With billions of dollars expected to be invested in Qatar in preparation for the World Cup in 2022, the market will represent a significant opportunity for our expansion in the Gulf. ACCC® conductors offer a green, focused economical solution to help congested electrical grids manage increased demands. We have a very clear strategy and are squarely on target to obtain Type Registration of the ACCC® conductor worldwide to accelerate its adoption. The low sag characteristic of the ACCC® conductor combined with its high efficiency and high capacity performance makes the composite core conductor technology an ideal conductor for use in the Middle East where high ambient temperatures are prevalent. KAHRAMAA issued the Type Test Approval after conducting a rigorous review of our test data. Qatar represents a great achievement for us in the Gulf region and the approval will resonate significantly with other Gulf countries. We expect many more countries that are currently in process to follow," commented Ebbie K. Nakhjavani, Senior Vice President Global Strategies for CTC Cable.

Another reason I bought today is because of the chart...The technical indicators show slightly more bull than bear, and it looks like it has bottomed...This area has historically been a strong level of support, and I will hold unless the $.20 level of support fails on a closing basis...

GLTA...
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