Propel Holdings Inc PRLPF

-25% what's wrong?

[ssnowdday]

This stock lost more than 25% in few weeks, any explanation for that?

[Defiance2050]

Low float when on multiple days 100 to 1000 units can drop SP by 3-10% but on upside less of that. Retired made a good point it is following sector. Recent ipos, tech and goeasy are all down in a similar manner.  Market hasnt notice or disregarded todays prelimanary results. PRL continues to add states, banks, and increase total loans. Be interesting when results are out and analysts react.

[ssnowdday]

Do you mean it can climb the same way with big legs up or it becomes a truck to lift?  Today's news seems excellent.  On the other hand, I read that the PE ratio is still way too hight.  What do you think?  It's a little confuising...

[Defiance2050]

Atleast with day to day movements small purchases I havent seen it shift more than 2% at a time. I have seen a 100 unit sell drop SP by almost $1. From reading the prospectus the purpose was to get money to expand regions and to increase portfolio size.  From management notes is that new loans have a higher default rate that improves over time. PRL portfolio has expanded significantly YoY

[ssnowdday]

Thank you for your point of view.  When you say "I have seen a 100 unit sell drop SP by almost $1"  I guess it doesn't mean much for now since it's such a low volume and it isn't a day trading stock.  I beleive we will see in April when it starts to trade freely...