Institutions that accumulate positions in ill liquid thinly traded stocks occasionally send a BULLET / market sell order to shake the trees / loosen up some shares. Absent of News that i am not aware of this morning i believe PKT's stock was the recipient of a market order Bullet,
Your arguments confirm why I am very comfortable with my methodology, and O_F by your own statement that you have made" several bad trades" this year would imply that your judgement is not infallible.
Stock made initial move to 14 on earning , the following Monday one week later Procera comes out with two announcements 3 million follow-on order and on conference call they stated , " stay tuned significant innovation coming soon " Procera Unveils Game-Changing Packetlogic (TM) Report Studio when the market received these additional items of interest buyers stepped and moved stock higher. You are too focused on share price and not understanding how well this Company has developed fundamentally over this last year. More importantly on the CapEx how there target market has open up there purse strings and stepping up to the plate to buy their product. As your friend James Cramer says the 2nd leg of the smart phone revolution could very well be DPI / IPE.
Parabolic moves for a company with 6 Million shares in float is an invitation to danger.
They are doing the right things. They raised cash. They are investing in technology. I have no problems with them.
I just would love you to sit back and listen a while as others debate and contribute.
We have both made a good piece of change.
I do not want to see the stock fall, but I sold because it had no reason to go up that much. After the announcement you could have bought the stock at $14...and you could have bought it there for the next 2 days.
I believe investing is a marathon and not a sprint. Today however since the advent of HFT and the morons like Cramer you have to keep looking over your shoulder. On October 31 there were 700,000 shares short. Those folks got killed. But it is so small and the institutional ownership so minute that the illiquidity is going to converge with the price movement.
The one thing I have to defend myself against is the potential for someone coming in to buy them. Since there are so few options and people unwilling to write many that is always a threat.
I believe we are all aware PKT is doing great. The problem is that those stock manipulators are doing everything to shake out people from great stocks like PKT. Just like today, they try to drop this thing and never really successful. It is seems the stock is starting to recover right now.