RE:Ground hog day7Twiggy wrote: Four key take aways I am following with Pine Cliff, are the amount of cash flowing into the till each day, trading activity up the the June 15 ex-dividend date, possible acquisition, Disbrow selling. IMO the only reason anyone has been able to add at these levels is realted to the Insider selling. As I said before that when that happens we should see a significant bounce. For some reason I think we will see that before the ex date., Until then ground hog day, leaving most likely a good buying opportunity for the next couple of weeks. Of course their is always the chance that Pine Cliff itself gets taken out which could also be very good for the shareholders, particularly if it is one of the top performing companies.
With regard to "insider selling" by Robert Disbrow...
RD has had both acquisitions and dispositions of PNE shares for "forever". There does not appear to be any evidence and/or correlation that either has caused the share price to rise and/or fall during the short and/or the long term.
The facts show that the share price is actually up on a continuous basis...
* 52 weeks... + ~474%
* 5 months... + ~187%
* 3 months... + ~120%
* 2 months... + ~56%
* 1 month... + ~17%
Looking at those % gains, I'm not sure how you can logically conclude that PNE is being held down/back. Personally, I have watched this stock rise from $0.29 when I took my position in March/20, to it's present share price of $1.94. I really don't think the stock is being held down, but of course, that's just my humble opinion.
Furthermore, in the past 12 days, the share price has traded in a sideways pattern, remaining quite stable during this period... appears like an "accumulation phase"... stable price and good volume... getting ready to make another run! My understanding is that RD is an astute investor who is an avid trader. You have to keep in mind that while he trades frequently, he does own and/or control in excess of 35M shares of PNE, so his trading is a very small percentage of his total position of 10+%.
Btw, although RD is an insider because he owns 10+% of PNE stock, he is not an officer or director of the company and therfore does not have any "inside" information on PNE.