Post by
not_broke_yet on Jul 29, 2015 4:46am
re: sell-off 2.0
For those who think I have posted negative comments about PYD because I am not a substantial shareholder or someone who would benefit from the stock going down, you are wrong on both counts.
The closing of the Integrity deal was a non-event as we knew it would happen, and does not explain the almost 2 million shares it traded in a single day, only to close down a penny.
If the market really liked that news, the stock would have gone up.
The volume on PYD is usually not very significant, but millions of shares of real buying came into the market since the day it traded those 2 million shares in a few hours.
I don't care who is buying those shares.
I am worried about who is selling them.
It is stuck at 7.5 cents regardless of the size of the bids or the number of shares that are bought day after day, which leads me to wonder who is so determined to sell millions of shares while this "great" Integrity deal is now part of the company.
There are two reasons why I would post negative comments on this bulletin board while I have a substantial position in PYD.
1. I don't trust what is happening behind the scenes when I look at how PYD is trading.
The trading tells me more than anything else.
2. I have no need to worry about saying truthfully worrisome things about PYD on Stockhouse because writing comments here...either positive or negative...will not affect the price of PYD in any way at all.
Being honest here has no negative effect on the stock just as pumping or dumping comments on Stockhouse have no effect on the stock.
Whoever is buying these millions of shares...and far more importantly...whoever is selling these millions of shares is not affected at all by what I or anyone else posts on this bulletin board.
My post will not change anything, so if I am worried [and I am] why try to pull someone in when I am concerned they may get hurt.
If PYD ever breaks out and is trading at 12 cents, I would reconsider my concerns, but rught now I would be wary of buying it right now.
Comment by
biggerr on Jul 29, 2015 11:13am
hey, Danny Deadlock just came out with a PYD coverage
https://www.stockhouse.com/opinion/independent-reports/2015/07/28/danny-deadlock-finds-significant-growth-and-high-margins-with-poydras-gaming-v
Comment by
biggerr on Jul 29, 2015 11:16am
one thing I don't understand is why Integrity with 1,600 slot machines and Tonkawa with 600 machines bring the same $5 mil. EBITDA. The Tonkawa machines must be then 3 times more profitable than the Integrity machines?