GREY:PTQMF - Post by User
Comment by
Libertygon May 27, 2011 12:09pm
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Post# 18635033
RE: metals
RE: metalsPlease forgive me. Regarding my last post. I posted this scenario because these are the times that retail and small investors get fleeced. They ride a stock like PTQ to 1.30 hold, then it drops to .60,.50,.40 whatever and they panic and sell just as the selling ends. I'm stating that we could see some hard selling, hopefully we won't but if we do it's not because PTQ suddenly imploded, but due to very obvious market wide conditions. We must not lose our focus on the day to day minute to minute, but keep our heads and eyes on the big picture
If your a short term investor and own PTQ then your view has to be short term developments, good luck with that. If your initial view was long term potential then you may want to get away from the computer screen. If you have a bigger picture view and some dry powder then instead of fretting start looking for those beaten up bargains. That's if you believe as i do that this global debt binge is far from over. Most importantly PTQ's share price is not an isolated issue, it's a market wide issue, you can't separate that. Also facts are facts. PTQ rose 400-500% and has now retraced almost half those gains. But in that time frame has strengthened as a company, debt wise, production wise, acquisition wise, etc. That to me looks like positive moves in the right direction for a stock presently moving in the wrong direction. Not because something bad happened to PTQ but due purely to a sentiment shift in an overheated market that is short term in nature.
Enjoy the opportunities being presented as the normal bucking action from the bull does it's thing.