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Thursday, 07/07/2011 2:58:44 PM

Thursday, July 07, 2011 2:58:44 PM

Post# of 48320
flaflyerfan, my experience with past pennies is playing into this longer term strategy with CGAQ. I have been in the research/chart reading get in / get out mindset with pennies before only to get out at a loss about a few months before the penny hits. Nothing more frustrating that picking a winner and not weathering the storms due to attempting to "rush" the outcome.

What I have learned is that there had been an overriding principle that the company was sticking to that lead to its success, not a specific event or chart move (or press release). Yes, this is very obvious, but it is easy getting caught up in the day trade, quick profit mind set.

I see this happening now with CGAQ. The "bashers" for lack of a better word, want it to take off "now". Opinions are starting to turn negative, stock price is down, I am at an overall loss at the moment, and this is where I usually bail on the stock.

But I see an overriding principle that CGAQ has found a niche that could/needs to be filled in the DR. So, I will see if they can fill it or not (if not, we need to find who will!). To be honest, this is a small part of my portfolio, but my biggest risk/reward.

I also believe that CGAQ needs to hit a point where the majority of its shares are more publicly traded to get and idea of the strength of this stock really is.