Hi Gulo,
I watched CEP after they announced Q1. Then I watched it after they announced Q2. Then I couldn't take it any more and had to jump in, despite the "lack of interest". I've been checking out the B.O.D. at CEP, and it looks like they have legitimate management. Once again, I find the reward to risk, very compelling. The "lack of interest" at this level doesn't bother me. When XNS was selling below cash value, and showing positive cash flow, then positive earnings, there was still a general lack of interest. Recently, XNS was a pick on ROB TV (after what I believe was some buying by a fund). Microcaps represent the eptiome of the inefficient marketplace. I'm more than happy to accumulate what I believe are undervalued shares. Liquidating when the "big" boys on Bay Street recommend them. I still own XNS but have been selling on the way up and sold some more Thursday, unfortunately before Friday's big move.
Do some DD on CEP. I've noticed there are 10K blocks being offered almost consistently, selling via SCOTIA. There were/are employee stock options at .45 so it is likely that employees are getting out after a double (this stock does have a 52 week low of .25).
To affirm my conviction on CEP, I would appreciate any comments, preferably those on the negative side on the merits of CEP, but not microcap generalizations.
Ciao |
