sandysouci wrote: this week, because it could easily happen...
you need to think about it in advance, and prepare for what you're going to do -- or not do...
the chart clearly shows a big fat gap that starts around $3.25...
https://stockcharts.com/h-sc/ui?s=PYR.V since gaps often do get filled, that is a possible pullback point, although if it heads down to there, it could easily overshoot and try (hard) to go even lower and possibly trigger stops set just below $3.00... that scenario would be a major flush out of all weak hands, and would liklely set the stage for a powerful bounce back, followed by a sustained bull run...
warning: such a drop could happen within 30-60 minutes(!), and a recovery could take place over a few hours to a few days... the subsequent bull run could extend for weeks and months...
buying shares if it happens will be very hard for anyone to do (due to fear factor), but, could prove to be an extremely smart move down the road...
personally, I have already decided to DO NOTHING, and I will look away if I see this happening...
I probably won't buy any more shares, unless it drops below $3.00, since I'm already well stocked up on PYR shares...
the more I study this company, the more I realize that I want to become a long-term owner (just like Warren Buffet!), something that only happens about once a decade for me... not to mention that with my luck, if I sell hoping to buy back lower, I'd probably miss out on some bombshell positive news!...
please note: I'm just saying that a big drop MIGHT happen, not that it will... if you believe that "the trend is your friend", we'll be going up, and in fact could even gap-up open on Monday...
good luck folks, because it's definitely setting up to be a wild week, that I can say with 100% certainty!
If your'e an Investor, like myself, and not a trader, or SHORTER, a drop to the mid to low $3.00's does not concern me at all.
Plus Sandy..... the BIG DROP in your post title once again makes me question everything that you post on here.
Long and Strong!
Tip of the Iceberg