Peter, I am not "preaching" about PYT. I respect your points as well as Warriors. An alternative point of view keeps us all grounded and alert and is important to keep this forum stable. I am simply pointing out that stocks as a whole no longer trade on, as you say, fundamentals. Ballard power is now trading in the $170-$180 range, all without any sales or even completion of their technology. My other examples(Amazon, Yahoo) have little or no sales and yet continue to steadily rise in share price. I could list dozens of other companies who exhibit the same behavior and conditions. The fact that this trend, continually lamented by most experts, continues unabated. Investors, large and small, no longer buy on fundamentals but rather on future expectations. I'm not saying this is good or bad but it is definately true.
I am sure most investors on this thread understand the risks involved with trading this or any other stock. Especially one trading on the VSE which has earned it'd unsavory reputation. But for small investors a situation like this, which gives them an opportunity to invest in a company with a new product, before they hit the big time, is usually the very reason they began investing in the first place.
When I post on this or any other thread, I only post what I genuinely belive. I never try to hype any stock, it's just that in this situation I know so much good things about this company that it is hard to keep my enthusiasm in check. If I came across as preaching I apologize. I honestly do belive in this company and it's future.
Looking forward to future debate.
Justin Curran. |
