Post by
MatthewZy on Nov 02, 2016 12:49pm
New here
I am new here. Ive been watching PIH for some time but never bought until just recently. It seems like the market is over reacting to the poor quarter. Is there any other explaination aside from a dip in car sales?
My view is that this is a fairly thin stock so a little selling pressure (like someone getting margin calls, or a manager liquidating) can easily cause the stock to trade down.
Any other thoughts on PIH? Cheers Matt
Comment by
StockMagician on Nov 02, 2016 10:58pm
Sure, here is a thought. Wait for someone to get a margin call tomorrow or Friday. Or a week from now if Trump somehow manages to win the election. Nobody is dead cat bouncing any stock before the results are known. The best you can probably hope for is a few percent until the market uncertainty is removed.