Imagine what a partnership announcement would do. To be straight up. I am buying some for trading and to hold until such time revenues materialise (time for a new AMG once that happens).
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I dont agree with that,and Im surprised you said that snaps--After the sales announcement you sold quick which was in hindsight ,the right thing to do-I bailed not long after as well(took a 10% loss)
But then it started looking like the hype was going in the other direction and decided it was close enough to the SP before all this Hype started to give the management a chance to prove them selves(It was a gamble with better odds than before) Got in @65(ok I got lucky--Im not pretending to be a professional at picking bottoms)--but the point is,it has taken me less of a rise to break even and start getting into the black)
Who knows how they will do with sales,but the momentum does seem to have changed and they now have another bun in the fire which in time could bring in the dosh,and more importantly bring attention to the product they are selling right now.
The fact that it is looking more likely that management are out there doing stuff and not sitting on their hands makes me less concerned with short term sales as I was before.--the potential for sales is higher now IMO--Its a gamble plain and simple--but hopefully the odds are stacked a bit more in their favor.
Well I guess there is also the consideration of walking the fine line between investor and trader for tax purposes. An "investor" might hold while the price falls if the fundamentals haven't changed, while a "trader" would happily bail and not have to worry about getting in and out. This definitely crosses my mind.
Irrational exuberance is good - shareprice heads up fast eh
Saw somewhere that at the moment only 10% of US analysts are showing any sins of bearing bearish.
Punters want good stories. Hope PEB comes out with a few more over the next few weeks and then we have that Edison Report soon
Squiggly line looking good
Seems like only yesterday we were at 82 cents.:)