Pioneering Technology Corp V.PTE

Gave up almost all its gains

[mirdad22]

Who keeps selling at these levels?

I am beginning to wonder if the last surge was an engineered pump and dump?

stock has zero momentum.

you would think there wouybe some follow up buying off these dips.  

Some insider buying would be helpful but they've given themselves lots of options at these prices already

[AVALONSHARK]

Yes unfortunately seems like it was some kind of Pump & Dump. The volume was the highest in 15 years last thursday however seems to have died down this week. This does NOT take away from the fact that PTE continues to be a deep value stock with the potential of a multibagger.  Q1 results are due on March 1st or 2nd. I dont expect profitability this quarter however any progress on the

[Captain71]

I may be wrong but I don’t agree with you folks on this one. There was no news release, rumors, etc., to entice potential investors. The trading volume was high for only 2 days, with share price declining on the 2nd day. Momentum investors would need to see increased volume and price over multiple sessions to be enticed to get in. Then there would be enough buyers to allow for a “dump”. With

[mirdad22]

One person could buy and sell to themselves through different accounts to force the price up and entice others to buy in.   If  there was someone buying at much higher levels why haven't they addded at prices much lower than they started?   why is there 100k ask at the current bid price this morning?   Someone wants out badly before earnings.    Again

[AVALONSHARK]

Dude I understand the frustration. However we should always be cognizant of the numbers. Cash+ receivables without inventories is 0.06 cents !! The net-net value itself should be around 0.07-0.075 cents. No way is this going down lower than that. The business is turning around, expenses are way down, topline is going up. There are way more reasons for optimism than what existed a yearback.

[mirdad22]

I totally agree but why is someone unloading at these levels?.....and today at the bid?.   A million shares only costs less than ten gtand.  Seems like a paltry amount for someone to unload in order to free up cash. I only own 200K shares but would like to at least double or triple that amount.  Average cost is 7 cents USD. Perhaps this is just a case of the old adage