If the predictions of fall are correct for our run-up in anticipation of a buyout, then I figure I can buy about 12-15 per cent more on top of what I already own, based on my income and a s/p close to what it is now.
That's a big if because the buyout has been a moving target for well over a year.
No matter. I will pocket all the CUU shares I can from now until the day the sold sign appears at Schaft Creek.
When I first got into investing in 2009, I kept looking at the charts and seeing individual stocks and indexes falling off a cliff. I would sit there and think to myself, "Why couldn't these foolish investors pull the plug before they lost so much money?"
I guess I could think similarly if I look at how Copper Fox has fallen from it's high of $2.75 to where it is today. And yet instead of fleeing, I'm looking to continue buying.
As Iletea says, I will only have myself to blame if this goes bust. But I CANNOT imagine that happening. And with all the skin the insiders have in this game -- especially David MacDonald who was buying over $2.00 -- I simply can't conceive of a complete collapse here.
The 90s are looking likely. The 80s are a possibility. I don't expect any of that to make one lick of difference in four to six months from now when we are bought out for $3 to $5 per share.