PXLW is currently on an inexorable drift back down to $5. For those who believe the AAPL "story", there will be plenty of time to buy at lower levels. As traders who bought @ $7-$9 get tired of continuing losses on no news, they will continue to bail out and sell off the stock.
My take -- PXLW will eventually fill the gap and once again trade in the $4.80-$5.20 range. Then it will be time to buy.
WOW...you're just as STUPID as the other pumpers!! Becker Drapkin has a portfolio of stocks. They don't expect "a sale" of every company!! An activist investor doesn't care HOW they make money, only that they make money. A turnaround process focused on shareholder returns works just as well as a sale and is many times more lucrative in the long run.
You don't pay attention, pal!! I first bought into GLUU over a year ago, accumulated at an average price of $2.32 and sold out last month -- I booked total gains of $129,777!! You and all the other newbie pumpers on this board were not here when GLUU was dirt cheap!!
"ALL YOUR SAVINGS" was a measly 26,000 shares of GLUU!! What a true IDIOT!! You totally reinforce my belief that these Yahoo boards are mostly populated with clueless ignorant MORONS with very little real skin in the game!!! Heh, heh, hehehehe.........................
Some pumpers on this board are saying they're glad Becker Drapkin has sold out and is now gone. Say, WHAT??!! How can people be so STUPID??!! Let's review by the numbers...
1) Prior to 2/14/14, Becker Drapkin owned 2.5 million shares of PXLW.
2) Becker Drapkin had two seats on the BOD.
3) Becker Drapkin sold out all remaining shares of PXLW on 3/7 and 3/10, some @ $6+.
4) Becker Drapkin's directors resigned from the PXLW board on 3/7.
Now the pumper speculation is that PXLW has won some ongoing AAPL business that will substantially increase revenues in H2/14. IF SO, longs must ask themselves WHY did Becker Drapkin SELL all of their shares AND resign their board seats. After all, the BOD members would have been fully aware of the status of any AAPL contract and it would be foolhardy and out of character for an activist fund to cash out before the big payoff!!
Bottom line, if pumpers still drink the Kool-Aid and believe in the AAPL story, they deserve to lose their money. Hey, I've got some oceanfront property in Arizona for these fools!!
Sometimes Gomes picks thinly traded microcaps (more like microscopic!) for speculation. With his following, stocks like MATR can't help but pop on huge volume!! There's no way to get in without chasing it, so one must resist and wait for the stock to fade after traders lose enthusiasm. IMO
Note that most of the highly vocal pumpers on this board were NOT here last week!! What does that tell you? That means most of these pumpers drank the Kool-Aid and bought PXLW at MUCH higher levels -- $7+ or $8+ or $9+!! Newbies contemplating buying PXLW should do their own analysis and DD and ignore the hype from the current crop of rabid -- but LOSER -- pumpers!!
You may be "glad they are out" for now but that attitude could change as this "dead cat bounce" rally dissipates. IMO
That article was nearly two years ago!! If the deal with AAPL is true, then why did Becker Drapkin sell all 2.5 million shares of PXLW and both of their designated directors resigned?? Food for thought for savvy investors.
dr_bullwinkle: YOU are trying to lecture ME??!! What a joke!! Before selling out, I owned 75,000 shares of GLUU at an average price of $2.32, even buying a chunk at the 52-week low of $2.00 last February. On the other hand, YOU are a "Johnny-come-lately" newbie following Gomes coattails into stocks, trying to act like an "expert" on these amateur boards. Go lecture somebody else who may care what you think!!
When I sold out last Thursday, my PXLW shares were worth $102,000 and the $5 Aug-14 calls were $62,000 for a total of $164,000. You say you may have more "skin" in this game? If so, you've now lost quite a chunk of it!!
Last Thursday, I had more "skin" in PXLW than you'll EVER have!!
BTW -- I'm still here to help educate the naïve and clueless newbies from getting burned until the stock settles back into buyable territory. I can't help it if your rose-colored glasses prevent you from learning!!
Hey, pal. I have NO position in PXLW now, short or long. Yes, let's check back in three months!! I predict that PXLW will be under $5 and possibly down to $3 where it traded before the Gomes pump last June!! I'll remind you of your losing trade.
ejmcga53 comment: "You've seen how volatile this stock can be, with daily upward spikes consistently being 2X higher and deeper than any daily pullbacks"
This volatile trading action is ONLY over FOUR trading days!! What can any smart trader deduce from that??!! PXLW was a dog with fleas leading up to last Thursday. That's why I was able to accumulate shares @ $4.80-$4.95 and make a ton of money on the bogus spike. Learn from Becker Drapkin -- when an activist insider with TWO BOD seats sells out and leaves, it's time to bail out, pal. Wake up and smell the coffee!!
Savvy traders will recognize today's pop in PXLW for what it is -- a DEAD CAT BOUNCE!! Of course, the usual clueless losers wearing rose-colored glasses who fell in love with the AAPL "story" will go on hoping for a miracle. The "pump & dump" game NEVER changes, only the names.
stimpact: Say, WHAT?? We now know you're just one of the numerous know-nothing newbies on this board. As mentioned last Thursday and Friday, I made $69k on Thursday selling PXLW shares and 175 PXLW $5 Aug-14 calls!! (My average cost for PXLW was $4.90 and $1.10 for the calls)
Now you -- a Johnny-come-lately trying to make a few pennies on the DEADCAT BOUNCE!! Good luck, pal!!
PXLW is obviously now a big bust for Gomes. Why hasn't he issued an update explaining his faulty analysis? Poised to Triple??!! Heh, heh, hehe.................