That's a common misconception of most public market participants; that ERs somehow matter to the market price of the stock. The event matters because it draws public attention and the big boys can easily get them to buy or sell to benefit their own position.
If price stalls at $155, best exit.
All of the big interests have no interest in a rising PRGO price......think about it.
This company has always smelled fishy. The "sole" purpose of going public was to enrich the founder in the shortest time possible. He's run out of rubes.
How sad. All I will say Lou, is that your frame of reference, you paradigm of how the markets work is not real. This is going to $2. That is pretty much a guarantee. Whether it ever recovers to your wistful levels, I don't know and I don't care and I wouldn't wait around for it. I would offer to help you out but I think I know who you are; thick-headed and unable to see things from a different perspective. So good luck with your other endeavors.
Why? Simple, because the big money first positions themselves in the leveraged products, ie. gold and silver miners, prior to juicing the PMs.
No sense in selling now; twood be selling at the low. It has nearly retraced 100% of its move from 18.72 to 24.22 and it is a long ways under the 20-day SMA.........snap back coming.....reversion to the mean.
Some of the best interest rates paid in the world and at low risk; protected by the biggest military and most plutonium in the world. But you need US Dollars to buy those bonds; the best currency money can buy.
The 10% run the 90%. Always has, always will. Besides, what are you driving at? That we should have gold-based money? Forget about, it's a bad idea. The elitist have most of the gold, so I don't think it would help; they'd still have control of the money supply.....free to expand and shrink the money supply at their whim and thus steal real assets.
The US Constitution needs to be amended so that our elected representatives can print money, with checks of course, to maintain an arms-length from political motivations. We don't need the Federal Reserve Bank for that. As it is, the electorate has no control of the money supply. Abraham Lincoln printed money to fund the Civil War; Green Backs.
Sounds logical to me. But I mainly just follow the money. Long-term-Chart-wise gold and silver are due for a significant rally and then there's the 30-day option for the syndicate to buy up to 5.8 million more shares at $20.55. This is a no brainer.
Sentiment: Strong Buy
Same here, sold the March 20.50 Put OTM for 46 cents last week and not assigned yet either.
Yes dbtunr, and now I know your level of intelligence and character. Not so glad to meet you.
Just read the first line ot that pseudo news..........."Canadian banks are getting nervous as they struggle to find buyers....."
Who would report that if it were true? What a bunch of bunk. However, consider why they might say that to a journalist if they were trying frantically to buy more stock.
Obviously they are buying more as cheaply as they can without discouraging the herd whom they will be selling to in the weeks ahead as the price marks up.
Obviously, if the syndicate and other big interests, are loading their boats, they don't want you and Joe Sixpack in there buying too, competing with them. Wait a week or so, and all the news will be good news when they are ready to mark it up.
The 5.8million-share option was part of the deal. They simply will not let it slip away. They have 30 days to load the boat down here just below $20 and then run the price up, selling the boatload as they mark it up and then exercise the option at 21, 22, 23, or maybe even $24. They stand to make 10's of millions. They won't skrew it up, there is a legion of professional traders already working this.
The syndicate still has the option to purchase 5.8 million shares at a strike price of 20.55 within 30 days. Does anyone really believe they will let that slip away. "Doh, di doh di Doh, I guess the price dropped below our option strike there is nothing we can do."
Wake up! They will run it up above 20.55 on any bit of catalyst just so they can make a few $million more.