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Fourth Purchase - More Shares of Catch the Wind (CTW)

I recently purchased 600 more shares of Catch the Wind (CTW) because they had fallen to quite a low of just .11 cents per share and I thought now is a good time to buy more and potentially profit from any further increases in share price.

I would not do this with just any shares randomly, however, I feel pretty confident that Catch the Wind (CTW) is going to eventually make a profit since what they are doing is very timely given that the green movement is still rather young, and since (CTW) have never given up despite legal and logistical difficulties they experienced as the result of disputes between themselves and their former colleagues, where (CTW) ended up relocating to a new facility and becoming embroiled in a legal battle between themselves and their former colleagues over withheld equipment and financial compensation matters to name a couple.

To recap, I bought 600 shares of (CTW) in March of 2012 at a cost of just .11 cents each. The value of my purchase at the time was $66.00 in shares, plus $29.00 commission, for a total investment of $95.00.

In order for me to "break even" or at least get back what I invested on this batch of 600 shares (including the commission) I would need the following to happen.
  • The shares would have to reach at least $0.16 cents each for a total value of $96.00 ($1.00 more than what I spent). After that, it's all profit for this batch of 600 shares.
The day after I purchased the shares, they went up from $.11 cents to $.155 (fifteen and a half) cents each. At one point, in the middle of the trading day, (Monday, March 19, 2012) the shares reached a high of $0.17 cents each, however they eventually closed that day at $0.135 (thirteen and a half cents each).

To break it down, this means I spent $95.00 to buy the shares (including the $29.00 commission) ... and as of March 19th, the shares were worth $0.135 giving me a total value of $81.00, which to date equals  a $0.12 cent loss.

Based on CTW's survival efforts so far, I am pretty confident they will only continue to grow. As a matter of fact, just today, CTW announced in a press release that as of Feb 14, 2012, CTW shipped their first Vindicator® Optical Control System (OCS) from a facility which CTW has partnered with in order to manufacture them in volume.

CTW has also signed an agreement with a wind turbine farm in Ontario to put Vindicator®Optical Control System units on all of their turbines. This, as far as I am concerned is just the beginning for CTW.

Related Links:

You can learn the history of my first purchases of CTW by clicking on the following link: http://johndonaldsonf.blogspot.ca/2011/08/first-and-second-purchases.html

Learn details from previous press releases at http://www.theglobeandmail.com/globe-investor/markets/stocks/news/?q=CTW-X 

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