Originally Posted by
Baa_Baa
Respectfully I'd dispute your #4, there's been a lot of $ made by trading the 'upwards trends', especially since 2014, albeit long time between drinks. Secret has been buying into the flatline bottoms and selling the exuberance on the latest announcement. True, the announcements have got better year after year, but lordy they're slow coming.
Personally I'm not that happy with McD's owning a decent share of the company, I reckon it's good for McD's locking in supplier and for PLX locking in a base revenue and a future bailout/exit possibility, but as one can see who has followed the company for a few years, there's been no new customers and the ones that PLX have mentioned a couple of years ago, there's been no sales performance results announced. Dig deeper, there's a story there, maybe a lesson or a warning. Interesting they almost 'promised' new sales, we'll have to wait and see, but PLX holders are used to waiting.
It's not a given imo that, as you might be suggesting, a long term upwards trend has finally settled into place, glth if it has. You may be right, then again, history may repeat leaving a lot of holders wondering wtf happened when it was looking so good. Look at a longer term chart, see the pattern? Has the pattern broken? Great if it has but would you want to be on the downside of the patterns that have repeated previously?
Pity that robbo24 is gone, the self anointed queen of VML/PLX traders who has been permanently banned, she would be amping about her buy in the teens and her exit in the 80's. She might be pizzed about the current SP being well above her previous sell price .62 that for years she crowed about, then again perhaps she's riding this pony all over again? Hope the kids are doing well robbo24 :)
Good luck to her, and to all of you. In the meantime this is still a traders stock imho, and traders will be rejoicing as they pocket their profits, for some this is a 4-5 bagger already in a couple of weeks. One thing that always fascinates is trying to answer the question "as I'm piling into something going near vertical, who is it selling to me and why are they selling?"
Again no disrespect intended. Genuinely hope it works out this time for the long termers and the recent entries. Be nimble though, history of the SP (not the company, just the SP) isn't on our side.
BAA