What the newbies dont get is - The Big Investors arent going to let PXLW get to $3.50 !!!
They are SUPPORTING their new investment in the company and taking care of it,they have millions of dollars at their disposal to do just that .
This is a small cap company.........with all the money they manage they can certainly support it until newer news drives the price higher.
Forget ever trying to get this stock at the same price the Instutitional Investors got...........thats like thinking that you are going to be able to buy a ticket to the Super Bowl ........at FACE VALUE !!!!!!
Get the picture newbies ???!!!!!!
It just aint going to happen, because people with much more money than you will STEP IN FRONT of you to take in shares " if the price shows any weakness "
The "Big Investors" knew that the offering was coming and shorted at 4.25-5.30 when the stock was pumped by management and Mark Gomez. they covered with the shares they got at 3.5. No one left here on the long side but the bag holders.
I have to agree with your theory, over the one by 'quicktwosmile'.
The $3.50 price would have been established long before the temporary price spike to around $5; otherwise, why not price the stock offering at $4+ per share?
Oh mighty expert.
So, if those are the guys keeping it from going below 3.50, who are the guys keeping it from staying above 4?
Seems to be stuck in very small 30 cent trading range fluctuating between 3.86 to 4.20.
Just can't seem to get over 4 and stay there.