RE:Peter sold, I sold...Oh, and Cathie Wood sold about 1/3 of her position recently, too... Which makes me think this whole Mariner thing is just a Red Herring... gojotv! wrote: Besides worry about the future of Drosrite in S.A. following current revelations, I have long thought that PYR was the most pumped stock on the market.
Unclewrong and his no-credibility crew have been promising $100/share for nearly a year... just ridiculous stuff.
The Mariner Report was just a small pinprick in a stock price that was already deflating to more "normal" levels.
Though it was fun, I found it hard to justify an over 2000% price rise from when I bought at $0.37 when the company has really not fundamentally changed much since then.
I expect the stock to drift down closer to a 15x 2019 market cap before a possible contract in the fall buoys us up again.
The Mariner PT of $0.74 I find equally ridiculous, but I'm not convinced that their wacky report is the only reason for the downward trend we were already on. The "sell in May, then go away" crowd were just warming up.
We need contracts to get over the summer doldrums, is all, IMHO
GLTA!