PALLET is a HIGH RISK PLAY, but don't worry
...I don't mean to spoil everyone's excitement regarding this stock which has a very bright future. It is very apparent with the increased volume lately that this stock can be and probably is the target of some sort of manipulation. A lot of us are in this stock b/w 30 cents and 43 cents since this thread started and most of us are patient (my assumption) and are waiting for this stock to go multi-banger. That's very good and buy-hold discipline will pay off. Now with the recent infusion of 16 mil of so shares at around 30cents, a LOT of people will be profit taking in the next little while or even in the longer term. Many may have gotten in to make a Quick Buck with no regard to the long term prospects of this company at all. To be honest, I encouraged a few friends to get in on the stock and they were frank with me telling me that they'll make 30% quick and bail out. Why not, I don't blame them. Just heed this warning and don't be discouraged to see very volatile days to come. Today was a good example. The markets were up early in the day yet the stock fell (some think it's overvalued, well whoever started this thread thinks it's book value is 60cents, I hope so too), then miraculously the stock made a huge comeback from 35 cents jumping back to 37 then going further to 38 cents. If my instincts are correct, a big chunk of investors are just begging to get out at 39cents (see my previous post, 30 cents + 30% gross profit = 39 cents). I sincerely hope that I am wrong and that most investors are looking at the long term. I know a couple of people who are truely long term supporters of this stock who got in at the dollars level and have held on. What courage! Hmm well, there's my 2 cents and more. I just felt like making a speech today.
Happy investing.
QB
PS despite my nickname Quick Buck, I have matured somewhat to become a somewhat patient investor. |
