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Wednesday, April 17, 2013 10:12:26 PM
I did not intend to buy more than 2M, but it just appeared obvious to me that fear was driving the price down too much and I wanted to drop my average below $0.033.
We are now sitting in a better position in terms of the company's outlook than we were when the PPS spiked to $0.068. So I fully expect the price to continue increasing - would not be surprised to see CERP knock out $0.05 tomorrow and touch $.1 by the end of the month.
Though I do not expect to see CERP hit $1 this year with its current O/S and price structure, I do believe $0.25 by EOY is reasonably foreseeable. Like many have said here, a parabolic spike is not healthy, but a slow and steady move over the next few moths to $0.25 would be healthy and sustainable.
It's past 11pm where I am now. So I'm signing off for the day to get some rest. Looking forward to seeing how CERP does tomorrow.
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