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CZZ - Capilano Honey

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fiftyeight said:
As a value collector, do you still see value in the company ie are you still accumulating?
Click to expand...


except for taking a bit of stock in the capital raising, I haven't purchased any shares in CZZ for a over 4 years, but I have also never sold any, you can see in the annual report my holding hasn't changed for 4 years except for adding some in the 2016 cap raising.

But yes I see value in the company, I think it's a good place to have some of my equity stored, I think the company will grow over time at a satisfactory rate, and profit growth will outpace inflation, I am happy to collect what I believe will be a growing dividend from a growing company.
 
I had a look at the annual report and couldn't find VC as a substantial holder

Thanks for the reply, sheds some light on what I was pondering
 
My sentiment as well, VC
Even though I'm not on the Top 20 list, I do hold a Long position that I intend to increase once the chart tells me a bottom is in place and can be trusted to hold.
Today's chart suggests we might be "nearly there"



but I have to say this: For the last AGM, I had submitted a question about the legal case against the pesky blogger, and I am very disappointed that they kept silent - both at the AGM and in subsequent news releases. It seems the slander continues unabated, and that might well create an impression "some mud always sticks". And that stinks.
 
Chart after the final Close was even better, although, with the day's vwap of $14.72 still well below the breakout level, that could have been stage-managed.

 
still waiting for the break above $15.50
if it happens, the optimist in me considers a Double Bottom pattern possible.

 
This is dragging out into one helluva long pennant.
Volume required to break out of the box...

 
pixel said:
Breakout Alert. 1st target $17, most likely higher
Click to expand...
My charting software had a little hiccup on Friday. Here is the breakout, including the requisite patterns that caught my attention early enough.



It could pop out further and shape a Cup & Handle. That would invite some more accumulation. On the flip side, I have raised my trailing stop to $16.50.
 

Hi Pixel,
Do you mind disclosing your MACD settings please?
 
AGM held today.
Reports are looking good and the Market reacted positively. Going by the voting results (less than 3% grizzling over Remuneration) it looks like it's been a Love Fest.
Will be interesting to see whether $17 becomes the new support and holds next week.
I've added some more last month on the way up; now sitting "sweet"
 
Approaching resistance again.
A pullback from here will set the stage for a likely Cup & Handle Pattern. Or the price could break straight through and into "blue sky". Smallish volume suggests the former, but I've covered the bases by adding on the way up towards $17.

 
Value Collector said:
lol, so far it looks like she heading for your blue sky, she's on a tear this morning.
Click to expand...
Looking sweet indeed; but it seems my theoretical taget of $19.10 is "the one" - or close enough. Total shares on offer are exceeding the buying interest by a small margin, so it's possible we'll see a pullback from here. The Trader in me is willing to take at least part profit and reload again at around $17.50.
 

Considered the same Pixel a retrace from here wouldn't surprise me but I need to remember what game I'm playing!
 
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