CPNE Takes a Breather
Commerce Planet preparing to give us another buying opportunity?
On the heals of a 6 day, nearly 100% run, CPNE is digesting the gains. With great news of higher and higher revenues, reaching profitablity and most recently becoming debt free, CPNE essentially ran from a low of just 17 cents in March to nearly a dollar early this month.
The company's fundamentals are showing no signs of slowing, leading us to believe this pullback can be nothing more than another buying opportunity.
CPNE - 08/09 9:20AM PST
We will continue posting charts and commentary to help our subscribers track this one closely. We have the 0.73 - 0.63 area as very strong support, although a stock with this type of momentum and new buying may not make it back to that level.
On the heals of a 6 day, nearly 100% run, CPNE is digesting the gains. With great news of higher and higher revenues, reaching profitablity and most recently becoming debt free, CPNE essentially ran from a low of just 17 cents in March to nearly a dollar early this month. The company's fundamentals are showing no signs of slowing, leading us to believe this pullback can be nothing more than another buying opportunity.
CPNE - 08/09 9:20AM PST
We will continue posting charts and commentary to help our subscribers track this one closely. We have the 0.73 - 0.63 area as very strong support, although a stock with this type of momentum and new buying may not make it back to that level.
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