RE:RE:News better be very good on tuesday
Its kinda funny, because in a "normal " situation of a big runup into a pre-promoted release like this, you would definitely play the old... buy the rumour, sell the news routine. Particularly if you are a short term trader type.
I have definitely been burned before by thinking " this time is different " . But I will say it again, I think this time IS different. With the caveat that I am not a short term player of this stock.
I think alot of the run up we are seeing is as much a function of the dissemination and understanding of the Pg opportunity, as it is the expectation of good results on Tuesday. The fact that SUCH a good fall back exists now, in the form of the Pg and many other value drivers of this business, is probably pushing some fence sitting institutional investors into the game.... and candidly... I only see that accelerating. Obviously the fact that guys were stuck short 5+mm shares has helped !
I had a good buddy call me this morning, I had suggested he buy at around 70 cents, so he has a nice gain. He has a fairly good idea of how much I have of this stock, and understands that I am beyond WAY overweight PLI relative to almost any portfolio balancing metric... He asked me... so at what point do you start piecing some out ??
I said, honestly.... I am going to start selling when I feel that the market valuation starts to even remotely reflect a conservative estimate of the unlocked value here. And quite bluntly, even with this huge move... I think the market is still way behind the curve....and as such we arent even close to where I let any go.