If you are planning to buy on 50 cent dips, you have 9 chances since the stock is $4.96 a share. Better to buy on 5% drops since theoretically, it cannot never be zero on 5% drops. We almost have our daily 5% out of the way and its only 945 am. Bonus.
There is no news or anything else that warrants this stock price. I am adding on any dips of 50 cents or more from here until something of substance transpires that would make me want to sell. It sound like lots of people on this board are day traders looking for a quick buck. There is absolutely no reason to sell and those who do will be sorry before EOY. Very long in my PAL
I understand and am aware of the falling knife theory. Contraversal to that I'm also aware of trying to time the Market. Buying at the bottom. History says don't try to time the market because most are not sucessful. What I've took note of is that this Stock has wild swings almost daily and one good day could present a 10 to 15% pop easy enough. I feel by reducing my cost basis (which I've been doing) one good day could change the whole game. we are at a 52wk low with a material Stock. The recent news has not helped. These guys will either make it or break it I think its just going to take some time in these Market conditions.
Don't just "hope" for being right. You need to make sure you get the bullish case right. The only correct way to do it, is to talk to people, explain to them what you know and what you think. See if any one can find a counter argument against you. If you are able to convince others to buy, then you have the verification that you get it right. Or if you are wrong, the other people can convince you so.
So it's never a bad idea to talk to people try to pitch your PAL stock and see how people respond.