sandysouci wrote: as stated earlier, I personally was not totally thrilled with that NR, despite Peter thinking it wasn't so bad...
I think that people very quickly skimmed the NR, saw the new word "leasing", and quite frankly didn't know what to make of it... it did surprise me because I hadn't seen mention of leasing before...
however, after reflecting on it in the calm of after hours, and reading up on what Peter said additionally, and how others here analyzed it, I have come to realize the providing potential buyers with the added option of leasing is actually an EXCELLENT idea, and one that could easily be responsible for numerous future torch sales that might not otherwise have happened, or would have been a lot harder to get, or taken longer to get... ie., it's a good thing, a smart business move, and if you don't see that, well I don't know what to say, other than you need to move on to something else... just buy your AAPL shares and call it a day...
lol, every single person that I know who owns a nice car (ie., expensive car) LEASES IT... none of them own them outright, not one, and there are many reasons for that, primarily that they simply don't want to or can't put up all the money required up front... but they sure want and need that car!...
imho, it should have been released outside of trading hours, or during a halt if done during the trading day... to me, some of that info could be considered fairly important, especially given the scenario we're currently in (awaiting news of deals starting to trickle in)... but hey, that's just me...
again, I think it was an innocent move on Peter's part, and perhaps he doesn't realize that all of us sitting outside of the company are not privy to what is actually going on behind the scenes, and how people are hanging on every word that gets released...
in the future, I would suggest that all news simply be released after hours, or if things are moving suddenly during market hours, following a halt... that way, there will never be any confusion or misinterpretations by the market... "over halting" cannot hurt, although some companies go overboard and halt for every single minor development...
but boy, I sure would miss those hot drops... if you can catch them in time before everyone else does, they are incredible... you've got only about 10-60 seconds to act, but if you do and go in big, boy can you ever make BIG, QUICK profits!...
anyway,
the market has clearly moved on from that NR (as have I), fully digested it, and is looking ahead... that why we're already trading back up in the $4-ish range, and in fact even touched $4.50 today... that's GOOD people, we're heading up... buyers are willing to pay more now, and sellers are no longer willing to sell for less...
and up is good (unless you're Olderguy or fdfd12, in which case everything is always bad, even things that are good)...
oh, and have you noticed the chart now?... looking pretty promising all of a sudden don't ya think?... have a great weekend folks...
https://stockcharts.com/h-sc/ui?s=PYR.TO
LINK politicat wrote: Question to Waxwing --
you state .....
"Since then I’ve heard Pete state on Agoracom that he regrets that update. So I beleive he won’t be releasing a potentially neutral and a extensive update like that again in last hour of trading".
I have read all Peter replies on this and i do not recall sensing any regret.
He did say this .....
In closing, the buck stops here. With me. No one else. However, if I had to do it again, I would release during hours for the reasons I mentioned above. In my opinion that press release was neutral bordering on slightly positive, and there is no reason the market should have taken it any other way.
He has also suggested any drop in the share pirce was due to investors being uninformed about the nature of leasing or of PYR ( or both ).
Maybe you could copy and paste the part of one of his replies where he expresses regret so, as your say .....
"he won’t be releasing a potentially neutral and a extensive update like that again in last hour of trading."
I ( and Sandy ) certainly hope you are right ....