PSTI's stock price hung tough and even scratched out a gain. PSTI was my only holding that didn't wind up in the red today. That's a switch! I'm used to the rest of my portfolio having to pick up the slack when PSTI's price is scuffling. Hmmm...I have no earthly idea what to expect on Monday. A press release would be nice, even if it's just a BS pre-market PR telling us that they were granted a patent by the Antarctican government approving a new treatment for penguin frostbite.
My statement was purposely vague, as none of us know why the stock suddenly spiked. My own simple theory is that Zami's letter of a couple weeks ago got some fund manager(s) to look more closely at PSTI. It probably took a couple weeks to digest the research.
And no, I don't know Israel's security laws. I'm not sure that would be instructive, anyway, given that 8 million shares were traded on the US Nasdaq the last couple days.
Anyway, I do appreciate your thoughts, regardless of whether I agree with your conclusions. Remember that yo uand I are on the same side. We're both long-suffering longs. I'm just delighted that the stock is moving up, even if the cause is because Neptune is aligned with Mercury.
You predicted at today's open that we'd have an afternoon rally that would push us into positive territory. I was impressed that the stock seemed to find some morning support at the $3.50. It has since then slowly inched upward. You're well positioned for a sage prediction. I'll enjoy the weekend more if we have a strong finish. GLTA!
The thing I don't like about your analysis is that you are concluding that this week's activity is based upon a "leak." In other words, millions of shares were traded based upon inside information. Depending on the information, it may be illegal trading. Pardon my naivete, but I think the spike was caused by an honest belief that the known, public circumstances give rise to an improved expectation in the stock.
Oh, I can easily explain the price decline. When the stock broke through $41.50, I was convinced that the stock was breaking out towards $45. So, I panic bought some July calls. It's almost becoming a tradition of mine to mis-time purchases. Today's pre-market doesn't look encouraging, either. I like doing things the hard way. I guess.
Agreed, all indications point to a day of profit-taking and a price decline. That's what makes this so interesting. Suppose we don't go down? Maybe, just maybe, there will be continued buying interest. That's why I said yesterday that today will be a good little test of where we are.
Next week? I want to see what happens tomorrow! Do we have enough staying power to ward off the Friday afternoon profit-takers?
After 2 huge days, it's easy to predict that the stock price will drop a bit, especially when the Friday afternoon profit takers start trading. But, who knows? Let's see if we have enough buyers to carry us to another big gain. I'm fantasizing that we'll close the month of January north of $4 per share!
It's great. I keep waiting for a selloff, but so far, the pps is hanging tough. Every time we drop down to about $3.50, we see more buying. Keep it going!
Any time a stock moves up dramatically, we know daytrading and profit taking is an inevitabiitly. That's OK. It means we have now have new buyers with higher cost bases that will be less likely to sell.
Now the volume is over 750,000 shares. As the price continues to rise, it means the dollar volume is accelerating even faster.
I noticed that. More shorts, bashers and spammers. If PSTI continues to go up, so will the annoyance level on this mb. It's a price we have to pay for success.
Barring a strong rally tomorrow, it looks like the peak of our pre-divvy runup was this morning's $26.42. That's pretty good, considering we were sub 21 two weeks ago. Now, the big question is how much of a selloff will see after the stock goes ex-dividend.