posted
CPN has been on my watch list for the last several days. I was really tempted to jump in today when it was at $1.32. I have little doubt that it will bounce back, I'm just waiting 'til it finds a bottom. You don't want to try to catch the proverbial falling knife. Their shareholders are really panicked now. The way that the ask just kept coming today leads me to believe that we're also seeing some institutional dumping. This just keeps getting more and more oversold. As soon as it establishes a level of support, I'm all over it.