My take from yesterday trading was some flippers as well as
My take from yesterday trading was some flippers as well as some longs expected the PL name announced in PR. When they saw no name they started dumping. I saw that and I called it. I was criticized and name calling why I said that. I wish it was different. Some pumped the stock saying the name will be revealed. Not true. SB always maintain saying the name will be announced upon start of ad campaign. He can not name the company per contract. So we set the bar too high.
As usual there were too many open ended questions. What happen to Europe PL(s), Detroit, Carmax/AN, and on and on. I read mary777 post about dental division. I sort of agree with her. It will take away a lot of efforts from other divisions. We may not need that. Unless SB shows us he expects a big revenue.
Hope starting Monday we start going back up. I will be a big buyer. I believe in products and growing revenue. But SB needs help in upper management. We need to resolve a huge A/R.
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