To All,
Well, tnis has been an interesting experience for all of us. Certainly I did not believe possible such a CORRECTION in the price of PRST stock would occur in such rapid reverse momentum. There are many of us down hundreds of thousands. I learned long ago not to lose sleep over paper losses or rejoice over unrealized gains. This has been enough to test the strongest of us in our convictions and investment philosophies! I, as well as many others, HAVE NOT SOLD A SHARE and are now BUYING. Is this rational? Well, it is if you believe PRST has the technology to be a huge winner in the future.
I think we would all agree, we're all here to make money. If we held a crystal ball last month that would have indicated a PRST share price in the 60s today, every shareholder, INCLUDING ME, would have sold in the past few days and bought it back today. Obviously, such a device to see into the future, is not available.
We have to put this whole PRST experience in perspective. Why did we buy the stock in the first place. Was it for short term gains? As a momentum play to take advantage of the short position? Or did we buy it for the long term because of the probability of the future earnings and shareholder profit as the result. Could this stock be another Chrysler in the future?
How many of you researched the technology? Do you understand the potential reoccuring future plate income and the huge, profitable gains to shareholders that own this stock? Have you spoken to other printers that now own the PEARL technology and are ordering new presses? Have you contacted other printers that have seen the results of the products of PRST? Do you really believe that any new PRST clients are cancelling their orders due to this huge stock correction?
As I have stated in previous posts, I am here, based on a long term objective and the future profits that many, including CABOT, believe that PRST will again provide a 200 future share price. There is NOTHING NEW on a negative position has been disclosed to fuel this panic selling. It is very apparent that I underestimated the power of the short position. However there is nothing to prevent this stock from rebounding after the short position has played itself out. I have never sold during a panic, but have bought during times like these. For those of you that are still long in this stock, you must use your judgement as to when the long position will jump on this stock and the short position will cover. When the momentum turns which it will....(PRST's product is too solid for it not to).
Neil |
