You are right there, Snapiti.
Looking at the latest share register, there is selling across the shareholders spectrum.
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Fair enough-the minor selling started before the major selling.
But personally I can see no logical reason to buy in before the bleeding stops.
This is not a small amount of fear from where Im sitting--PEB unfortunately has lost 30% of its value in the last month.
Its starting to look like carnage in the States-I dont think this is just ''normal noise''
This doesnt happen all the time-Thursday was the biggest fall on the Nasdaq since 2011-(followed by another 1.38% drop on Friday)
I personally would be keeping my powder dry until the dust settles and then reevaluate
Rather than "investment results" ... sounds like "trading results" to me, especially as you bought back in at $1.07. I think it has more falling to go yet, but I can see you don't want to be on the outer for too long. But congrats on your profit Snapiti. If you understand the stock better than most - why did you wait until it got to 51c before you got in? Most "investors" in this stock have been in long before it got to 51c and are still in.
I try to refrain from making personal attacks (or tall poppying) but get sick of listening to tirades from people who are very wise after the event has taken place....saying I told you so and I tried to warn you etc. Saw this on the SNK thread and hope it doesn't start here now ....
This discussion is going stale. The relevance of your buy price is thin. Go write your average buy price on a toilet wall instead :D
In more relevant news... http://www.forbes.com/sites/robertgl...ladder-cancer/
This comment at the end seems at odds with PEB test results: “There have been several other urine markers used for bladder cancer, but none of these have gained traction because of poor sensitivity,” Krishnan said.
You hit the nail on the head there turmeric. If you set a stop loss you have to keep it in place. NO MATTER WHAT. You set it for a reason. Like you said, many people here will have exacerbated their losses for pulling their stops as the shareprice threatens to hit it. Psychology 101.
Hes not exactly going to say "there is one out there that works really well" is he. Goodbye funding for research, goodbye job, goodbye lifestyle. Better to not say too much when you are still in the starting blocks and your competitors are way down the track. Depends if you are a hare or not I suppose. But thats neither hare nor there.
Lots of good trading advice on the thread this week, here’s a summary;
First draw some lines on a chart like the one below and talk about stoploss a lot, this way the newbie’s will think that you’ve been to New York and that you’re a real trader.
Attachment 5708
The rules go like this, roll the dice, if you land on a ladder you must pay the tax man at the top, if you don't follow this rule you go to real jail, then you must trash the company and its management, this is totally futile and everyone will just think you are a prick, but it seems to be a mandatory rule. If you land on a snake, tell absolutely nobody, no one, especially the wife, she might take your dice away.
Or, you could just do some research, buy low, pour yourself a nice coffee, sit back, relax and watch the Muppets play the traders game.
slurp, ahhhhh, cheers,
Mac