RE:RE:RE:RE:Pumpers
paul03 wrote: I'm not quite sure I agree with the market sentiment being bullish. Maybe not for riskier unstable stocks like this one especially with interest rates being where they are. Most people I know or hear of are struggling financially. Having a hard time keeping up with the day to day financial responsibilities. Not a lot of people have spare money to throw around on these types of plays that may or may not pay off in the long run these days. There are other "sexier" ways of securing returns at the moment, if you even can afford to invest a little bit. Times are tough man, that's not just a made up story, it's reality and not to be overlooked or taken lightly. These times are where the "rich get richer" saying comes from.
Yes, I suppose we can qualify this by saying relatively bullish.
Since its peak in and around February 2021, PYR is down about 95%. Meanwhile, depending on which market you look at, there was a post pandemic surge. Also, this was lead by certain stocks, for sure. My GOOG and ADBE have done just fine. Yet, how many stocks do you think are down 95%?
And to the point I raised, there is a reason IMO-why this is the case. It is not general market sentiment IMO-it is a disproportionate decrease, related to the factors mentioned.