RE: RE: Weak reactionI can understand your disappointment with the stockprice, in light of recent news, and I share your pain.
All I can suggest is that you try to take solace that PYN is trading about 40% higher from its recent lows of a few weeks ago. In the meantime, even though I'm out of most of my commodity stocks, I'm resolved to stick it out with companies like Poynt, which at least is earning some revenue, hopefully soon to be much more revenue.
There have been a handful of companies whose shares I either own or have on a watchlist, who have issued good news in the past few weeks. After a brief 10 or 20 minute rally, the shares immediately start selling off.
In this market, it seems traders and investors alike are selling into any sort of good news.
I lay much of the blame for this on Merkel, Sarkozy, Trichet and their merry band of ditherers in the EU. Until Europe can get its act together in terms of some sort of approach to its fiscal mess, then riskier Venture plays like Poynt and countless others are going to languish. However, I don't hold out much hope for Europeans to come to any sort of agreement on an economic strategy in a timely fashion. It may already be too late. Europe dithered in the Thirties, and we ended up with World War II. More recently, Europe dithered and completely mishandled the crisis in the Balkans, and hundreds of people died. Unfortunately, these European twits can't seem to work together if their lives depended on it. It's just too bad that they have to drag the rest of the world's economy down with them.
Poynt "should" be trading higher than 10¢, but given the circumstances (despite European indecisiveness and its negative impact on the markets), and given the future potential of Poynt, I'm resolved to just stick it out at this point.
The European debt crisis will eventually resolve itself, one way or another, despite the twits running that ship.
Once it does, the "risk-on" trade will return and Poynt should begin to sail.
Unfortunately, I can't predict when that day will be, so I will just ride this out until that day comes.
Cheers & GLTA.