Post by
Computerblue on Mar 26, 2021 10:58am
Adding More Shares
I am normally a pretty conservative investor, but the more I read and learn about the future potential for this company, it seems reckless not to take a larger position given the risk/reward. Congratulations to all longs who have been around a lot longer than I have. Truly excited to see this company validate it's story with some stellar NR's. Tough sales cycle so we all must be patient and let Peter do his thing. Long and strong since $3.56.
Comment by
Chrisgodfrey202 on Mar 26, 2021 11:11am
25% of my portfolio is now PYR. This is way out of line for my 22 stock portfolio. But my inital investment was 2/3 of a full position which is high for me and a penny stock. I am sticking long but not buying more even though I really want to.
Comment by
fdfd12 on Mar 26, 2021 1:54pm
25% is A LOT. Mine is about 10%. It used to be 2% but it grew to 10%. If I had 25%, it wouldworrisome. Also you say 22 stock portfolio. Mine is similar at around 25. If PYR goes up or down in 10 day by 8-10%, it doesn't matter how the other stocks react, the portfolio moves the way that PYR moved. 25% is too much risk. No one on this board will tell you that except me.
Comment by
Chrisgodfrey202 on Mar 26, 2021 1:59pm
I agree 25% is a lot but the teward is great and what I am ultimatly risking is my initial investment which avaraged 0.65. I would sell before it got there but I have a lot of down size tolerence given the upside potential.
Comment by
fdfd12 on Mar 26, 2021 2:09pm
I don't look at my portfolio that way. I look at total $. If PYR goes down in a few days by 20%, then my whole portfolio's value gets rocked because it is 25%
Comment by
Chrisgodfrey202 on Mar 26, 2021 2:11pm
I agree 100% but I am bending all the rules for PYR. I think I am doing well by not increasing my holdings.