Other InvestorsHere is a conversation beween myself and another investor elsewhere......
9/29/2020 Badog
Re: PMED
I posted a couple weeks ago that I was not going to allow myself to get into a LDS (Lifestyle Delivery System) type debacle so I said I sold almost all my shares (in PMED) while I could still get out with maybe a very small profit...and avoid a loss. I didn't buy in at the cheap prices that some did so I couldn't hold without a big risk. The risk is that the companies that are using the AI and are familiar with it are not signing contracts that would convince us it is working. At least no announcements of money generating contracts that I have seen. Again....these days I would rather miss the current pricing but also miss the potential losses. I can always buy in once the technology is proven and there are revenues and profits. Sure I would make less but at least I wouldn't take a potential beating.
Badog
The next day that elicited a response to me from another investor in PMED that bought in cheap....actually I thought this guy was pretty knowledgable investor. On the other hand maybe just a promoter. I don't know everyone's intentions...just what they seem to me. Re: PMED
I too have sold most of my holdings. I was in a 7c and my highest purchase was at $1.06 - I'm not stupid though, once I start to find cracks in communication and milestone delivery, I act accordingly.
Its very easy in this game to be married to a pipe dream 50 bagger. Dont make that mistake. Easy to buy back in once they actually prove their tech and start to deliver on promises.
These guys know that you can't support a sp for long on hype alone. That leaves....well....guess who....holding the bag.
I have no problem with whatever means an investor uses to make money in the market....until they pick a target stock....buy in cheap....then get on stock boards and tell others that a stock is going to the moon...while they are selling. Believe me you will never know they sold until they are done.
I am not a professional analyst of stocks by any means....but I can tell when something seems wrong. And at that time I don't hype a stock to help myself exit with a profit. And I won't buy back in just because the sp goes down. The company has to prove that it is meeting its objectives before I will touch it again. So if PMED's AI proves out I may well jump back in.....not until.
When I mentioned I was selling I believe the sp was in the $.60's USA and $.70s Canadian...near the price I bought...so very little loss or gain. And yes....I was out in time to avoid a lot of this sp downturn. But I wasn't about to take a beating on a company that wasn't performing as I hoped it would. Certainly wasn't going to ride it to zero. Used the old addage that one of the primary objectives is to protect against loss of investment capital. That way you can live to invest again.
Badog