I am not a short-term trader so your technical theories about the short-term stock price movements sound like a load of BS to me. How long have you been doing trading? Not many can make a living day-trading over the long haul.
I wonder if the recent price weakness is due to the announcement that earnings will be restated for the last quarter. The investing community generally frowns upon accounting statements changing after they are announced. I am not saying that PETM is doing anything wrong, but only that this sort of thing is rather unusual (in my experience).
I don`t think so. I sold at 5 5/8. Does`nt look like BS to me. Looks like I was right on. I also called for the stock to trade under 5 which it has already today and will go lower. Reading back into my posts you will find that I have been about 90% accurate in the predictions of this stock.
"How long have I been trading?" I`ve been trading on my own for 11 years. Borrowed money to do it which takes some balls. In the 11 years of trading on my own I had 1 year that I broke even and the rest were profitable. This year being the most profitable well into the 6 figure range. How about yourself???
While I have done well over the last 20 years, I'm sure most of it has been the constantly rising markets. I have found that trying to make money on turnarounds like PETM is very difficult. For every winner you have many more that don't pan out. Usually the successful turnaounds do not experience a reversal like PETM has had the last 2 quarters. If a true turnaround is underway, the second year shows a strengthening, not a weakening.
You sound quite confident in your abilities. What have your annual returns been percentage-wise? What is your benchmark for performance? What attracted you to PETM?
The reason this stock may be falling is due to the time of year. Most longtermers will start dumping their dog stocks this time of year for tax purposes! This is the time to clean house and lick your wounds. We might not see the bottom on this one for 7-10 days yet! In ref too your remarks about daytraders, YOU must be watching too much TV and DON'T UNDERSTAND what trading IS!!! COULD BE A DAY, WEEK, MONTH OR MORE!!! EVERY ONE USES DIFFERENT TARGETS!!!