I sold half of my SODA position and I bought CPST.
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Joined Nov 10, 2007
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So now you are 84% cash. (You were 77% cash last time you mentioned your cash position).
You are missing the Obama Bull Market with six-sevenths of your money.
CPST in a fibo nymph world, Big resistance at 1.49 which is the 50% retrace off of the 9/2011 lows and march 2011 high. Nice support at 1.37.
But I know that Fly is playing it, imho, probably as a Earnings Play..this is a global growth (even though I don’t like the electric vehicle link) and if RBA cuts rates tonight, (which I think they will do), then CPST may have a rough couple of days until it blows away earnings and touches 1.49 which it will be sold off of, Thank you for the ticker Fly..I was bored.
Where is an “ignore function” when you need it?
Found your blog post through Google. You already know I am subscribing to your rss.