GREY:PTQMF - Post by User
Comment by
Libertygon Jul 04, 2011 10:09am
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Post# 18792458
RE: RE: FOR THE RECORD....
RE: RE: FOR THE RECORD....Let's again look at the FACTS.
PTQ was over 3.00 then we had the big crash and commodities crash. Oil from 147.00 back to what 30.00? Gold down 30 or so percent, silver down from 21.00 to 8.00, the markets down huge. PTQ went from over 3.00 to .under .30 cents along with the overwhelming majority of resource stocks. Juniors can fly but they also can plummet. EVERYTHING sold off. Anyone with a brain knows this. But when PTQ was at .30 i bet there was wailing and gnashing of teeth about management and how pathetic this company was performing. Completely ignoring reality.
Was PTQ a great buy at .30 cents? Even now is it still a double? Even now as we face another deflationary "threat" and i emphasize the word threat. Again most resource stocks have sold off hard, juniors especially as they ALWAYS do under the right circumstances which we are now facing. At some point this "threat" can turn to the other end of the spectrum and we again face the inflationary threat. But more importantly the debt crisis is the real driver here. debt reduces borrowing, it can contract credit which impedes the velocity of money. As money flows it consolidates into areas like the waves of the ocean.
Your mission is to decide will that money flow back into the resource sector and if so then PTQ if you do support the direction and potential of this company, if you do believe it has value above this price, then it becomes a buying opportunity for you whether it be at .60, .50, .40, or whatever. If this present cycle is exhausting then the junior sector will respond and begin as a whole making it's upward progress again. If you believe that then now is the time we should be working diligently to pick away at what we see as big picture bargains, for the longer term gains. It's just that simple. If you see that with clear eyes then you shouldn't care about this drop, in fact you should be embracing this opportunity. If you really believe logically and have done your homework.
I'm going to act on my belief, right or wrong i did the work i'm watching carefully and will have an exit strategy in case i'm wrong. This is a crazy new world we must adapt.