Did you guys hear that bell ringing??
Yup, the bottom is in and that was the bell telling you so. The point of maximum pessimism has been reached. The news seems all bad, at least the bad news is all that's talked about. Half the people on here have sold their stock and have no intention of repurchasing. The sellers are all patting themselves on the back about how clever they are. The bear case is easy to articulate, even the half wits can list all the reasons not to own this stock. But consider these points. PLS is a huge resource and growing.. No long term debt. Commodities are massively oversold. The US Dollar is extremely over bought. Fed about to raise interest rates, and consider that the first rate hike in the past five cycles saw the US Dollar peak! Tax loss selling almost done. ARB unwind likely almost done. Volume is picking up and today's action has to be considered positive (so far). All this likely adds up to near term rebound in commodity stocks and commodities, a strong January effect, a declining US Dollar and FCU rallying 40-50% over the first 3 months of 2016. So yes maybe that was the bell ringing today telling us the bottom is in. I bought stock today. JMO