Replies to post #2204 on Continental Fuels, Inc. (fka CNFU)

[bullnbear]

FWIW..I first bought into this stock probably about
the same time as you did, just pre NVS bomb. I got this
stock from one of the regular posters on this board.
I have 100K shares, unfortunately, I need a double from here just to break even. And I dont have the money, nor want to risk anymore than I already have, to average down more from here. I figure IF there really is something positive going forward, I can still make a pretty penny with the number of shares I currently have. If it turns out to be just BS, then I'll lose all that I was willing to and no more.
Currently, Im pretty tired of the crapola all of us are hearing out of management, and heavens knows, I havent owned this nearly as long as most others here.
IMO, we sure need substanitive news by year end or the bottom falls out of this thing. Good luck to all of us. BNB

[bly03]

Ray,

My CDIK story is fairly similar to yours.

I first bought 1000 shares back when the price was around $1

I then watched it drop, drop, drop. But when it started rising last year (just before NVS dropped out), I bought another 1000 shares at ~18 cents, then another 1000 shares at ~30 cents. So I had 3000 shares, total dollars invested, ~1500 or so.

Then I watched it drop, drop, drop to less than 1 cent in January this year. At that time, I had just sold another stock for about 7 grand profit, so I decided to roll the dice on a long shot that I still thought had a good chance to make some money. (Since I was playing with the profit from another trade, I figured it was money I could afford to lose). In January, I took that 7 grand and bought ~550,000 shares. Since then, I added another ~150,000 shares at between 3 and 4 cents. After the recent spike, I sold 100,000 shares. I didn't quite catch the high of 13.5 - 14 cents, but I did get between 10-12 cents per share. This sale covered my total buy in cost with a little bit left over. So now, I have close to 600,000 shares, but they are essentially all paid for by the one sale I made. I therefore am lucky enough to be someone long enough to have bought when the price was over $1.00, but averaged down so much that I am ahead now.

I will admit that the day I put up a sell order for 100,000 shares, I saw at least one post (don't recall whether it was on this board or the other one) complaining about management dumping. However, my case proves that even blocks as big as 100,000 shares are not ALWAYS management dumping. (Although I'm guessing they frequently are).

[PennyWorld]

Ray, I've owned this stock for somewhere around 4 years. I don't have any excuse. I first got into this stock when it was below .10 Then watched it go up to $4 when I had 25K shares, and then watched it go down to .02 this year. I should have sold everthing as the pps slid from $4 to $3.5 but I didn't. Earlier in the year I accumulated a good deal more in shares when the pps fell below 10 cents. I do know of a few investors who bought in over 40+ cents and they feel as they they should ride it out rather than sell. So they hold. I hold because I actually think that this company is going to go somewhere someday. I wouldn't think that way if it weren't for the hiring of Aspes and Sharkey from NVS though, and the securing of the EuPharmed deal. 2A will eventually come I feel. I think I'm in the minority on the way I feel about this though. I just fear the R/S as I watch the O/S climb.

I am no longer a super long. I will not wait for FDA approval or for PNT to make a major market presence. I will sell when there are respectful profits to be taken. Not sure what that threshold is just yet. .50, 1.00, 1.50 ? Depends on momentum and level of retracement as the PPS climbs. I will use mental stop losses this time!!!