right now. Any analyst downgrading at this price is a complete idiot. I bought more today, which means I have now lost more, but I am willing to wait this thing out. Trailing PE is now under 10 I believe.
I am at break even with PSUN. What does that mean? Nothing really but I just wanted to point out that you were wrong. It does feel good to know that if I had, instead of doing what I did, waited and bought the same amount now it would have cost me exactly the same.
never try to catch a falling knife...more standard bs from a trader. I am an investor not a trader. The price is cheap and the value is good, I am buying. I don't need to make money today or tomorrow on PSUN because I am holding it for awhile atleast. Of course it is nicer to see green but I don't need it like you do.
Why didn't you short at 20+? Is it because you like selling things for less than you could have got or are you one with this idiot notion that something that has gone down will continue to do so even if there is no real reason? You don't think 20+ down to 16.50 is a big enough for this horrible earnings report you are forecasting?
The "mood" of the market is exactly why I am in retail right now...ANF and PSUN. The great Warren Buffet made his money by buying when everyone else was selling and vice versa. I intend to do the same and hope to have decent results as opposed to Buffet's unbelieveable ones. These 2 are the most undervalued among the retail sector imo.
Checkfree Software (CKFR) had sold off as well prior to today's earnings report. They are down over $7 in pre-market this morning due to an earnings miss. What else can I say. Those of you who are stuck in the position & have aveaged down don't want to look past your "get even" wishes. I understand that. I've been there but learned never to put myself in that position again. If I pick a dog stock I take my losses & move on. Good luck!
I haven't seen a short that posts who thinks that they are not right. It must be nice to be chronically pessimistic about everything.
Bad news is already priced in. Whether or not the market brings the price down further depends on the short term mood of the market.