Jack, thought you would be interested on PRST response to insider sales. Their information is as follows:
All shares just recently filed, are directly related to the insider's you named, simply exercising 5 year options that were due to expire at month end - WITHOUT VALUE if not used.
Let me ask you, if you were they, would you pass or exercise your options. Stupid question, isn't it? I can assure you of this, PRST is still 20 points ABOVE it's high just over 2 weeks ago at 136! I bought an additional 500 at 148.5 today and believe me, I KNOW I'm in at a bargain. These are fire sale rates!
Is the correction over?....I don't know and honestly don't care! With a 300% gain at 156 even my margin is safe until below 80. I spoke to Cabot, who is strongly recommeding a BUY now.
To date, we have only corrected by "22%" from the high of 200. If you own PRST above today's close of 156, did you research this company? Do you believe in their story? If so I need say no more!
All super growth stocks will experiance this type of price gyration in the early stages of their rapid rise. Nothing scary here...quite normal movement. Why should PRST be an exception? I welcome this drop and the many future ones that are sure to come while without fail, this stock will continue to set new highs in the future. Take some time and read this thread spend time researching this company and it's past paterns!
The positive future earnings announcements that are sure to rock the disbelievers will be a result of the future huge profits this company will earn that is on the table now. Good news will come, not from PRST hyping their company but from the brokerage houses and commentators with their buy recommedations. The future holds exciting times for each of us holding this stock long. The day will soon come, when we will look back and say what a bargain basement price PRST was at 156.
Those that short this stock when there is "no bad news" and the PRST story keeps on getting better, should pay careful attention to the way this pattern has played itself out time after time.
PRST has survived all of the many negative Barron articles....and the CNBC commentators scratching their heads. It will continue as it has, trading up, correcting and up again.
Those long in PRST - Sleep well - your day counting will soon continue!
Neil |
