I have a plan for PLISteady downward pressure will create the best buying opportunity in years for PLI.Why bother arguing with short sellers?..And with tax loss season approaching it will create a double advantage.
I can explain...if the share price does indeed stumble below $1..the buying would never be better and I would buy as many shares as I could afford.The reasoning is simple...nothing about PLI has changed and the future still holds many catalysts.To buy below a dollar is indeed a gift.And it is true...if you sell PLI at a loss..which many I believe will...you cannot claim the loss if you buy back in .. in less than 30 days.Even separate accounts won't help.
If of course the share price does not drop..nothing gained or lost.
But I'm prepared either way.