Congratulations to all the longs who held!
I have been a PQT shareholder since '96,
and have tuffed it out with them all this time.
They are famous for "pulling a rabbit out of the hat".
Today, they did well, probably due to the up day for
the sector. There have been rumors of a buyout for years now,
I am not saying that it's impossible, but don't get caught up in
the rumors, this happens all the time. People buy PQT at the high because of the rumor, and almost everytime, it drops back.
It's probably the shorts too, they always seem to show up and start lies on the boards. Funny thing is, when we longs were all still there holding at .75 cents, they were saying that PQT had NO chance, and would soon fold, heh! Where are they now?
As far as the rumor is concerned, who knows, I can't believe they haven't been bought out already, they're a great company,
and have come a long way, on a bumpy road, and each time
they thought they were going out of business,
they pulled another rabbit out of their hat.
Good Luck to all!
P.S. There are some pretty crazy predictions being thrown around,
$30, etc. Who knows where it will go, in the past year, I have
seen some pret-ty insane blasts in prices,
PQT has every right to join in ;)
Cheers! |
