There are no shorts yet since this stock is relatively new. What we have here is a lot of weak hands,. those who bought the stock high and lost money on and those who had it at IPO price.
That is just the way things are: most investors are not sophisticated, hey most day traders don't know one tech from another, they only know momentum!
You got your house wife trading stock between changing diapers, you got your car mechanic trading stock on lunch break, you got your college student trying to beat the market, and you got your making-a-living-as-a-trader who don't have a real job betting on the world's biggest casino.
Unfortunately for them, most don't read the security filing and most don't know a thing about technology. Yet they like momentum! They give high valuation to PCLN because it is a hot stock! Oh, sure, PCLN puts up their own cash to make sales ( Wall Street Journal article ), that kind of business anyone can do!
I believe in NETP because I understand their technology is going to go places. It's impossible to pick a bottom but I am buying whenever I see a dip. It may be 14 tomorrow, it may be 10 next week-that is not my problem! Other investors are handicapped with knowledge, it's their problem.
If you believe in NETP and understand what they are doing, it's only going to be a good thing in the long run. |
