RE:RE:The Queen might not be, but I am amusedI owned PLI back in 2013 and had to sell for personal reasons, so missed the run up to 3+. I was pretty ticked off about that, but I jumped back in once this fell to .48. It's a pretty good investment at these levels, and probably still is at $1.00. My concerns are obviously the competency of management, $$, etc, but the risk reward ratio is tilted towards reward right now, if only slightly.
The SP seems to have stabilized at .50 so is awaiting some kind of news. If we see a drop to .40, I have some more powder to average down, but we will see. My guess is a slow rise back to .60 before waiting on news.
peasoupfog wrote: The Fluffies are not buying in yet. They are afraid to average UP here, so are expecting another downturn. I on the other hand am averaging DOWN with buys at 59, 47, 48 and 49. Jeez....i only need a triple from here to break even after a few sells and buys. Lol. You would think the Fluffies would be more inclined to spend money here than I. Sucks to be me though. $2.98 to $0.45 - what a ripoff.
DryBones wrote: I'm actually getting a bit of a kick of how the fluffies are blaming me, hightea, gobbs, edrose, shorters and others for the low share price. To see so many clutching at cob webs is unreal. I suppose that too is part of what makes a market. Next question, perhaps the fluffies can answer.?
Will we see a runnup in share price before the next scheduled announcement? Or is PLI management so badly shattered that no one will take a chance. I for one are a little willing to give them a chance and buy a little now and then in order to average down. How about the fluffies? Are you buying in yet?