Peak Discovery Capital Ltd V.PEC

RE: RE: RE: RE: RE: RE: RE: RE: RE: I am an opposi

[oilsyd]

Michael,

 

If I were to call a bottom, I would fall into the same trap as everyone making the wild predictions that the stock is taking off.  My point has been that technicals are not relevant to this stock.  It will go up when there is a positive news release that guarantees the company more cash.  I do use technical indicators, but not for this stock.  The fundamentals are too dicey and too important to justify using technical indicators here.  If you want to invest in great companies, stick to those that are actually making some money.  They are much easier to use indicators with.  On the other hand, what you get here is the potential for an incredible rise in the stock price if things pan out well.  I am holding my shares because I think there is still a chance of something decent happening, but I am only investing a small proportion of my portfolio in this one and I am not piling in more cash just because the stock price is down. Hopefully, everyone else here is doing the same.

 

Cheers

 

OilSyd