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Sold CPST at 1.93

pman1972 posted on 03/10/08 at 06:29 PM (Note posted about 3 hours after the trade)
Trades | Notes | Blogs
Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
Market Cap 184.22M
52-Week High 4.42
52-Week Low 0.61
10 Day Volume 1.68M
P/E -4.04
EPS (Trailing 12 Mos.) -0.25
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Sold
Symbol: CPST
Quantity: Not Shared
Price: $1.93
Value: $Not Shared.
Stop Order: No @ $
Target Price: $
This was a real short-term buy.  I should have shorted this baby.  I lost almost 20% before I ditched.  I learned the "stop order" lesson a long time ago and guess what, I just repeated that class!
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Posted by pman1972 on 03/10/08 at 06:29 PM

Tag It | 1 user tagged it: CPST, stock, sell

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WallStreetKing

Member since: Mar 07
Trades Not Shared
Trade Notes 41
Blog Posts 0
Serving Others
Age: 40's
NC UNITED STATES
WallStreetKing
Posted March 10, 2008 (08:14PM)
I was in cpst, some time ago, bought low under a dollar went up and sold. kinda wish i still owned the shares but it is a fishy stock in a niche market that has competition. i just don't have that kind of time or money to risk on it.
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pman1972

Member since: Feb 08
Trades 261
Trade Notes 66
Blog Posts 0
Sr. Systems Analyst
Age: 30's
Woodbridge, VA
pman1972
Posted March 11, 2008 (03:23AM)

I think I bought close to the high times ... ouch.  I'll still watch it, if it drops, I'll probably do another short-term run.

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lifeisgrand

Member since: May 08
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Trade Notes 0
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lifeisgrand
Posted May 10, 2008 (05:50PM)
The drop was temporary.   Maybe we should keep ones like this on our watchlist.   We need a stock to be good, and our timing has to be right as well, and in this case, the timing was bad.   The turning point came on March 25th when it pulled up strong with increased volume.   The time to re-enter safely was April 2nd when it crossed 2.3.   
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pman1972

Member since: Feb 08
Trades 261
Trade Notes 66
Blog Posts 0
Sr. Systems Analyst
Age: 30's
Woodbridge, VA
pman1972
Posted May 10, 2008 (05:58PM)
Agreed.  After my last sell, I decided to buy a Jan '09 call option with a strike price of $2.50.  Best thing I've ever done!  I'm waaaaaaaay "In The Money" on this thing!  I think the option was like $0.57 at the time.
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