Stockbug, I don't understand you! Of course, those of us who invest in PAIR would like the price higher, but if you're a long-term investor, which I gather you are, dips like these are almost inevitable and your losses are only on paper. Wouldn't it have been great to buy PAIR at these prices rather than the $21 and $18 that I paid! If my investment was good at those prices it would be even better now! The company hasn't changed in the last couple of months, and your losses are only on paper. PAIR will eventually rebound based on earnings.
I like to buy falling knives! I bought PSFT at $35 at a time when the price was falling, CA at $40, TLAB at $40 etc. In each of those cases the price initially went lower, but I didn't lose any sleep because I viewed each as a long-term hold. And in each case, following decent earnings reports, the stocks rebounded a minimum of 35% from my buy points.
Why don't you relax until earnings are reported? Do you honestly think a solid company will become worthless based on the action of speculators? The stock has a tangable net value of about $2.61, the company controls 70% of the market and is growing! I bet that there is considerable shorting of this stock, and following decent earnings we could see a short squeeze! Look at what happened to PSFT after it reported: as I remember the stock rose from $35 to $45 in one day!
So long as the fundamentals remain intact and you don't panic your "losses" are an illusion!
Regards,
Paul |
