you are delusional... and you state I made comments I never did... All I pointed out was if you had any history with the board you wouldn't have declared john as a spammer...
If you consider your tone and behavior on this board as civil, then I need a new definition for civil...
you are right, the less time you are on the board and the more uninformed posts you make, lead us to the true total consciousness that you have... Get out of the way Phil, you have competition.
You ever called it wrong? Ever?
what a condescending buffoon you are... Much as john only comes out with these posts when the news points up (great time to sell indicator), he has done this for years and is not a spammer. The village idiot position was already filled here and the competition is pretty strong... but nice try.
Taking a shot at John shows that your depth and perspective here are shallow, confirming my opinion of you to date.
Glad you made good money on your investment.... sorry to see that you take pleasure in seeing others loose their money though.
Life is tough enough with cash... I had a cousin that said " money doesn't buy happiness.... but lack of money doesn't buy happiness either...
That said there is a guy named Phil (plangelyxl) on the PTN board... the guy is rude, cement-headed, delusional and unable to debate anything in a civil manner. I have some of his posts store in a folder dedicated to him named "IDIOT FILE"... I dislike this man without a doubt, but that said I take little pleasure in his losses and wish him no financial ill will. In fact anyone that has a whim to do so... might visit the board and let phil know that C7 is rooting for him.
PTN should not be invested in because of my pointing to the board... the management is greedy and the stock chart should be viewed longterm before buying...
I agree that MCP will increase in share price after the tax loss season completes next month. but
"No sell means no loss... "
is the worst statement I have ever heard made by an investor...
Money should be directed to the area where it makes you the most money. dumping falling shares and reinvesting the money productively is the best bet. I will give MCP another quarter or two as I see a reasonable risk/reward ratio so I am not dumping... just playing covered calls and cask covered puts for the premiums.... If the world economies recover as we are being led to believe... then MCP has a chance.
but "No sell means no loss... " indicates that you should take a deep look at mutual funds
now bring the tax aspect into the equation. cover for a short term trade means giving up a substantial portion of your gains. If your position is under a year old one can handle a slightly higher price out of the tax differential... therefore a squeeze is required before short term holders have a reason to consider covering.
If I was short from 50 bucks and the shares were over a year old.... I would cover on a down day... and a month later I would short the shares again... then my gains are long term and for a year any negative return is a short term loss (tax benefit)... or after a year I return to long term gain. key is insulating the profits... Due to this it is impossible to understand the exact position the holders are in... but my guess is the majority falls into the short term category
Answering the originating question... longs look for the shorts to cover hopefully creating a squeeze which puts upward pressure on the shares.
Tax loss selling could be an issue for Dec given the price action, but the reason to sell by early December, is that it allows you to buy those shares back in January,
if he said move rather than jump.... I could confirm based on personal experiance
I find it encouraging that PTN continues to hold support in the at 59 - 60 cents... The volume has unfortunately withered recently..
I expected the stock to move to the low 50's, so 59 cents is a gift if it holds with volume.
The company raised 35 million dollars a year ago and half of that has been #$%$ away while the doors have effectively been closed... They have stated that they will require funding (partner or private) which will further dilute the stock and most likely be the next trigger down... ( a partner would be a short term selling opportunity).
Only winners here are the insiders.
have you no pride Phil... I am hoping to sell my remaining shares... order is in
How many years can you spew such garbage without assessing you record
if the shares were going to the market they would have not announced the $5 price, that smacks of an insider deal
SO now that the 30th is past, how interesting was "it"... anyone here believe that they won't be able to buy cheaper shares at a later time...
What about factories in China... pollution is a big problem with increasing visibility, platinum will have a bigger role in the next couple of decades.
I was talking to my friend the other day.... and he informed me that he was getting married and wanted to get everything on the table with his bride to be in regard to coming clean about his life and family...
The thing is that his sister is a prostitute. His brother is a drug addict and is currently doing time.
His question to me was,
should I admit to her that I purchased PTN stock