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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks -- Ignore unavailable to you. Want to Upgrade?

To: zen_lunatic420 who wrote (32161)	1/6/2015 2:16:27 AM
From: 31Floors	2 Recommendations Recommended By Sailing2 zen_lunatic420 Read Replies (1) \| Respond to of 49402

Thanks for that zen. scouser, thank you for the the chart, although it was a five year, not a ten year. A 10 year chart would not reveal anything imminently significant from a TA standpoint, but it would include 2008 and show that COV is distinguished from the other kitchen favorites; its traded as high as $37 back in 2008 (and I'm guessing probably closer to $40). It then had a near death experience, which is when Paul discovered it, in the teens as in cents not dollars. Now, its not like shares and warrants haven't been issued since 2008, but it hasn't been an insane amount. The fact remains, it has traded at a much higher share price vs. today's $1.25 and for that matter the $3 back in June/July 2014. This company has proven to be very resilient; has great technology, what looks to be an excellent partner and generally seems to be in a very good place. Its working on other things. I'm impressed that zen has DD the heck out of it and calls it his favorite play, and that WorthaDeeperLook picked it for the shedhead contest last year. I snagged in this year. And of course it is or has been a diddly pick. So I like it here with the idea of buyig while its cold, under the radar and has no momentum. It looks a lot closer to the bottom if not at the bottom here and hopefully they'll be announce some new deals not too long into the new year. Its a strategic, patience play IMO. covalon.com