i'm pointing out a likelihood & a contingency for people who started to buy .30+, thus to be prepared yet for possible one more leg down and have capability to add more shares.
I've been right so far on PAL for a while now (Friday hit new low exactly to .30).
I'm not claiming anything as an absolute prediction such as .20's, but the reality is that is a large possibility yet. Regardless of any better improvements with PAL's recent business, it can still hit lower in the short term interim.
I was trashed the last couple weeks for saying ADXS could drop yet a while into lower 2's, and so far I'm right as it drops each day so far. ...While keeping in mind I have been a prospective buyer of it. My calculations put this a little lower yet into the 2's (maybe 2.25-2.60) because of past chart patterns & mainly because most stocks sell off (within a few weeks) at nearly avg of -20% or more below their 'offering price', which was 3.00 for ADXS. So far ADXS is playing consistently with this.
And the last couple weeks when it was 2.30's I've said it could go below 2 and into lower 1's (before starting to buy PRAN), yet people trashed me for that!! So far that is proving correct.
don't be surprised if we see .20's yet on PAL and another leg down this week. Today may just be a temporary bump up on the way down. It was due for a green day in the least. Look at prior patterns in recent months when PAL hit a new low (along with being in phase of fresh dilution yet) in comparison to latest 3 weeks down phase as it could still drop yet within approx another week before it finally turns up for a reversal. It has a chance to hit approx .25 (maybe .20?) yet. I speculate by this summer PAL sees .50-.60 or more, however, I do not underestimate the possibility of this thing to drop in the interim as it finds a bottom.
IDIOTIC post as palladium is still used for many things such as batteries, etc, & we are a long long way from not having carbon based engines.
2nd--- I'm NOT a believer in electric. The liberal buffoons of the world who think electric is the future are naive to the fact Natural Gas is cleaner (& cleaner than 'stinky' ethanol), & Nat Gas is a great supplement to diesel or unleaded gas because it also has similar power of gasoline or diesel based engines. Electric power plants use yet a lot of coal, Nuclear; such things liberals hate, so it is very hypocritical of liberals to promote electric. Electric power plants also often use NAT GAS, so why not just use nat gas for our vehicles, which would be way more directly efficient anyhow??? I can go on, but fact is electric sucks as a primary means for fuel usage, especially trucks, large transports. We need to be promoting nat gas conversions for vehicles & at gas stations, etc.
I think electric should be a free market option & may be appropriate for some people, but clearly electric vehicles for majority of usage is not the best way.
Good points to keep in mind. Why I say to those buying since .30+ to keep in mind adding more toward .20 area, etc, as it is possibility yet before we see upside trend again for swing trade.
And yes, any pop we'd see yet in a few days could be short lived before trying for one more leg down... But overall no one knows exactly where or when, but down towards these ranges discussed (.30? .20? or less?) and within a couple weeks we should see end to down turn, especially if palladium keeps rallying. When these stocks break to new lows is is all a day by day analysis for speculation on attempting to time a bottom.
And my main point was that the guy shouldn't be celebrating the small # of after hours trading. It has done these little spikes up almost everyday the past week during after hrs, and clearly not a real accurate indicator of this stock.
Oh so funny----- Save your "dumb #$%$" for the after hours traders. I'm not the "dumb #$%$" for what I pointed out.... I mean, what you said could be rationalized that any previous buyers before today at higher pps know what they're doing???)) LOL buddy
objectively speaking, PAL has had many days lately that the After Hours trades higher while it trades lower in reg hrs (daily to new lows). The after hrs trading is meaningless until it translates into regular hour trading higher.
If you think .40 is top range, then I predict you will be surprised by Spring or Summer... LOL.
Even so, trading it at perhaps .30 or less on up to .40's is still a good swing trade scenario))
It got close hitting .30 even during last hour. Started to bounce, but back to .303 for close. But don't anyone presume it doesn't have high chance to go to .20's, as it could fool you easily.
My guess is it will be within last hour of trading--- if it happens today.
I personally want to buy PAL (for short term trade), but since I and many think this it is likely imminently ready to break below .30, I thought I'd poll people to see when they guess it breaks below the .30 mark
Funny how you attempt to make me look wrong, yet the pps today shows you still wrong. There is no short cover yet. Besides, the stock is affected by debenture conversions.
Anyhow, all I said was that you make these general arguments such as Ukraine crisis, yet that has been a factor on metals for many weeks already while PAL at new low today, & thus my point is that you claim that these events will all of a sudden move up PAL, & fact is that timing is your problem with your arguments. Anyhow, please don't respond to me anymore, I feel you are a waste of time. You don't pay attention to what a person writes you & you refuse to ever admit any wrong on any level. G-Bye!