The Coming Monday MassacreIt's clear that the folks on this board holding Prometic are not understanding how bad it's going to get and what's really going on.
Look at the lifetime chart of PLI.to
Do you see those long periods where the stock is going for about 25 or 30 cents? Those times are going to return now. The shorts are not here to manipulate the stock for a quick 20 percent gain. They believe they can make 80 or more percent because this company has nothing. Prometic can prove them wrong...eventually...some day. Until then, this stock will trade for pennies.
A little common sense should tell you that if what they have is so amazing, private capital and huge pharmaceutical companies would be all over them offering to lend them money or do private placements to raise more money for their ongoing research. The really smart money would ALREADY have nice sized stakes in the company in anticipation of an eventual buyout.
Your best trades are not the doubles and triples. They are when you avoid disaster. You guys that are bullish are in for a world of hurt. You are really not understanding this. Some of you even believe that this stock is going UP on Monday.
Take some time to figure out how you will prepare for the Monday massacre.
Hint: cursing at people who try to give you a cold, hard reality check or telling your stock broker that you would be willing to sell your shares for $5 or $10 will not save your capital.
The stock price right now is like Valeant when it was down to $300 (cdn) or Concordia Healthcare when it went down to $80. Some of you will jump in and take advantage of that 20% or 25% discount...and get slaughtered.
The management of Prometic has shown the market contempt. It's like they are saying: don't rush us. We do not have to make a profit. A couple decades is too short a time to expect profits.
Now the market will return that contempt.