Update on ASX:CCPIN early Nov, I wrote about how ASX:CCP would recover and break thru. After a whole month of consolidation between 23-26 dollar range, it finally broke thru previous high of 26.62 with the news (hotcopper.com.au).
On fundamental side, CCP is a debt collection company. its acquisition of the other company's debt, with a great price represented two catalysts : (1) its strengthened its book with some low cost inventory and (2) it consolidated the market further and put CCP into a even better position than before.
I remain to be super bullish about CCP and will hold on my current position. And I am not surprised it will go beyond its historical high of 38 within the next 6 months.
