I don't remember pixie being added to the DOW. It certainly isn't a market leader-I think we would all agree on that. It's a microcap stock, and will do what it does on its own schedule. Obviously its valuation is not so much DOW dependent.
I know you have noticed for the last 3-4 weeks the stock is trading totally differently than it has for what seems like forever. If you are watching L2 you know exactly what I'm talking about. A sea change is happening right before our eyes. When there's dilution and the stock pops, especially after a run, this has got be disconcerting to your trade, or lack of long position.
first pullback after a massive breakout on heavy volume. Bears are trapped. Some are still green and waiting for the new year to defer their gains on taxes. I expect an explosion of sorts in Jan
I was going to make precisely the same point but I am not here to educate the lazy. So, I concur.
I agree with your opening statement, and, as well, our timeframes may be different.
I find the long case compelling and would rather be a bit early than a bit late. Timing the market compounds the difficulty of actual stock-picking.
One analyst or brokerage could launch and I don't want to miss the launch-whenever it happens.
All the legacy negativity, however founded, and lack of street awareness, are reasons I am a willing buyer down here.
a 10 cent swing on margins on a 160MM volume is a 1$/share. The growth from the value added byproducts is incremental to the margin expansion.
most tax selling is done by mid December. No one wants to be the last one out at the bottom. That's rather axiomatic.
The business fundamentals are improving exponentially faster than the stock price and that will change.
I will give you credit for long-windedness though. Brevity is the soul of wit.
are the types of turnaround/value plays I buy heavily. The bulls are going to behead the bears. There is no escape from the uptrend. You guys don't have the firepower-aye that's the rub.
so stocks that double in 2 weeks are not allowed to pull back at all. oh ok.
which helps explain why the stock sells at a hyuge discount to intrinsic value. My mentor Buffett says that value and price eventually converge.