GREY:PTQMF - Post by User
Post by
Libertygon Nov 18, 2010 1:01pm
207 Views
Post# 17725210
FWIW
FWIWI think PTQ could take a drop down the the .80 cent range. It's still a nice profit for warrant holders and with this consolidation/correction in the metals and markets this pause is an opportunity to look for stocks you like that take a breather and re-trace a bit. I have a bid in at .80 cents for PTQ and another at .73 would love to get filled to add some shares. With the warrants being exercised .65 should be a floor for the share price.
If you think about it how many companies have virtually no significant warrants to be exercised when a stock makes a move. Once these warrants are mostly absorbed there will be little reason other than normal profit taking along the way for large scale selling at certain price points on the upside. Barring any negative unexpected developments this is not abnormal and needs to run it's natural course. Often and suddenly the stock just takes off after these consolidation phases. Personally after looking this over i can see this realistically getting to the $2.50 - $3.50 area relatively quickly if commodities don't fail, and the markets in general don't crash. Beyond that may take some time. JMO.
Overall there is inherent risk investing in any juniors regardless of the potential.