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Re: jkl146 post# 3128

Wednesday, 03/23/2011 12:55:07 PM

Wednesday, March 23, 2011 12:55:07 PM

Post# of 6560
.085! Nice one, I really wish I woulda been watching more closely when it was at that level. I was "this close" to pulling at .085, but had other things on my mind at the time and just didnt do it. I ended up getting in at .11 and liquidating all positions at .143 (I had been holding a rather small position at .142 from back when CPOW had last been at that low).
Now Im waiting, cause it's my belief that CPOW will continue to bleed slowly back down to the single digits. This is how it's acted since December. A big news-based spike followed by a pretty quick plummet of about 60-70% of the original rise, followed then by a slow painful decline over weeks and months.
Whether CPOW will climb back to even .15+ levels is definitely news-reliant, and completely dependent on the outcome of these plans. For a while I thought I was okay with the gamble, and having the outcome of the money I did have in completely out of my control, but when the market gave me an out-with-small-profit at .143 I decided to take it.
I too still have a soft spot for this stock. I look at that soft-spot as I would a tempting snake! hehe. I do want back in, and that's what scares me. But, yeah, Im gonna watch it and maybe speculate some more down in the singles.
And if tere's some major news blast and the beginnings of a big run, Im might just get back in then too.
But for now I wait and feel glad.
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