Why wait until the end of the day to buy? Good question. BY waiting until the end of the day, I can see what institutions do in the last half hour. If the stock moves up after a drop in the morning from something like a downgrade, then things are probably ok. Otherwise, I am worried about the affects of other things I may not know about. Unfortuantely, waiting for the end of the day has its drawbacks. I got busy at the end of the day today and was not able to act when PNRA started moving back up.
P.S., I may be crazy, but I view PNRA like being able to get in on McDonalds in the early days. It has a new cuisine concept, which is great, but the formula has been proven by others before it.