The sad part about this is that I had done months and hundreds of hours of research on CPOW and CGG. After connecting all the dots I actual predicted a buy out or joint venture with CGG. Why else would CGG proposal a 400 mm sales deal with a small time company like CPOW and not one of the larger firms in Canada?
I had a large sum of money set aside to buy more shares once news came out to confirm my prediction or confirmation of the sales deal signing. Then in Jan. news about the JV came out after hours and the very next day I bought large sums of CPOW stock.
I though it was a win win business decision. Even if the JV and sales deals both failed I would catch the rally from the breaking JV news. I was right in all regards but one. The price did rally but downwards to .08 cents.
Now with the price at .10 I’m not even willing to buy more shares even after recent JV news.
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