Yesterday.......... was, well - to put it bluntly.
Post# of 45510
Posted On: 04/17/2013 6:33:45 AM
Yesterday.......... was, well - to put it bluntly... FUBAR. Before I start, let me apologize for the run-on paragraph. This site doesn't seem to like iPads. :-)
Yesterday points out something that has concerned me from the beginning. Don't get me wrong. I have a great deal of faith in PNCH and I continue to add to my pile. When I say I am long, I mean I am LONG. This is an amazing opportunity at such a low price.
BUT this is a double edge sword. Just about any schmo off the street can come in and amass a HUGE number of shares without too much difficulty. Take one or two with millions of shares, throw some volatility in with share price and emotions and we see what happens. What happened yesterday was obviously someone or several dumping all their shares creating a panic that dropped the PPS yet again to stupid low levels. All of this coming after an Amazing Upfront on Sunday is just heartbreaking. I understand why the sell happened, just not at that level.
So as we move forward, all Longs need to be prepared for the fact that there are "investors" out there who are long only in so much as the PPS reaches a target share price, and then sell off, yet again driving the PPS down. Add to that the MM games and it makes our position EXTREMELY FRUSTRATING. This will continue until the PPS reaches a level that makes it increasingly difficult to amass huge piles of shares.
I have a good idea of who got out yesterday, and honestly I am happy to not have to deal with the mood swings and the up and down posts. But there are several of these types out there. Hoping that yesterday cleared them out and that the shares end up in the hands of those who trade based on facts and not fear.
On the upside, I think we will see a correction/bounce-back - but not sure how soon that will be or where the bottom of the rabbit hole is. Best of luck to all! Be Strong and LONG! GO PNCH!
Yesterday points out something that has concerned me from the beginning. Don't get me wrong. I have a great deal of faith in PNCH and I continue to add to my pile. When I say I am long, I mean I am LONG. This is an amazing opportunity at such a low price.
BUT this is a double edge sword. Just about any schmo off the street can come in and amass a HUGE number of shares without too much difficulty. Take one or two with millions of shares, throw some volatility in with share price and emotions and we see what happens. What happened yesterday was obviously someone or several dumping all their shares creating a panic that dropped the PPS yet again to stupid low levels. All of this coming after an Amazing Upfront on Sunday is just heartbreaking. I understand why the sell happened, just not at that level.
So as we move forward, all Longs need to be prepared for the fact that there are "investors" out there who are long only in so much as the PPS reaches a target share price, and then sell off, yet again driving the PPS down. Add to that the MM games and it makes our position EXTREMELY FRUSTRATING. This will continue until the PPS reaches a level that makes it increasingly difficult to amass huge piles of shares.
I have a good idea of who got out yesterday, and honestly I am happy to not have to deal with the mood swings and the up and down posts. But there are several of these types out there. Hoping that yesterday cleared them out and that the shares end up in the hands of those who trade based on facts and not fear.
On the upside, I think we will see a correction/bounce-back - but not sure how soon that will be or where the bottom of the rabbit hole is. Best of luck to all! Be Strong and LONG! GO PNCH!
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