RE: Continued good news stock, but????
Balain,
You are absolutely correct that the long term performance of this stock has been horrendous... but it doesnt mean you ignore the short term action. The fact is, this stock has doubled in the last 90 days after digesting a huge dilution. Institutions have stepped back into this stock..... Clearly the market is sending the signal that the fundamentals have changed positively for PLI.
As incredibly tough as it is sometimes, I always try to avoid making decisions on stocks based on my cost or what I need to recover. I try to look purely at the fundamentals.
You cant ignore that some big players have laid some big bets on PLI in the last 3 months. They are betting on some major catalysts paying off ( pardon the pun ).... I continue to think that the fundamentals in this stock are better than they have been in three years..... and it will result in higher prices... I think we all have to resist the temptation to watch every tick up or down at these levels.... The next action will be the result of major news... and I think its very clear that the smart money is betting that the news is good.
its just going to take some MORE patience... and we are all clearly running on empty in that regard.