PSPT ==> The golittletigers.com winner!

[jiesen]

She's got a PnF target of $13; Dow Theory says $7. I'd say for sure this isn't the bottom.

It doesn't matter whether it goes to 13 or 7 from here. As long as I can sell it for 15 or more down the road, I'll have come out ahead. Nothing's for sure in the stock market, except that if you keep buying stocks at prices below their value you're bound to come out ahead. PSPT is worth more than $15, in my opinion... I could be wrong, but I'm willing to take that risk, and then learn from my mistakes so I can better value stocks in the future.

[New-born baby]

It doesn't matter whether it goes to 13 or 7 from here. As long as I can sell it for 15 or more down the road, I'll have come out ahead. Nothing's for sure in the stock market, except that if you keep buying stocks at prices below their value you're bound to come out ahead. PSPT is worth more than $15, in my opinion... I could be wrong, but I'm willing to take that risk, and then learn from my mistakes so I can better value stocks in the future.

Jiesen,
You're a genius, imho. I would say this to you, if you don't mind, so that you can bury Einstein's reputation. When a stock takes a large gap down, 99.9% of the time the fall is not over. Dow Theory says "it'll double from here." My suggestion to you would be to at least wait a few days before picking up more shares. You should be able to get them at an even steeper discount. An example would be MFLX. Large gap down, steeper fall before recovering.

[jiesen]

Jiesen,
You're a genius, imho. I would say this to you, if you don't mind, so that you can bury Einstein's reputation. When a stock takes a large gap down, 99.9% of the time the fall is not over. Dow Theory says "it'll double from here." My suggestion to you would be to at least wait a few days before picking up more shares. You should be able to get them at an even steeper discount. An example would be MFLX. Large gap down, steeper fall before recovering.

Don't mind at all, NBB. Don't agree either.

If you're going on pure technicals, of course that is a valid strategy- "what goes down must go down further, because it's happened many times before".

However, if you're looking at the fundamentals of the company, you need to know what it's worth, and act when the market gives you an irrational price in order to make the most of the opportunity. Sometimes these prices are only to be had for a minute, so if you are sure of your stock's value, you act when your price is available. Waiting around for a techincal issue to resolve might just cost you that opportunity.

[mrmarket]

Don't mind at all, NBB. Don't agree either.

If you're going on pure technicals, of course that is a valid strategy- "what goes down must go down further, because it's happened many times before".

However, if you're looking at the fundamentals of the company, you need to know what it's worth, and act when the market gives you an irrational price in order to make the most of the opportunity. Sometimes these prices are only to be had for a minute, so if you are sure of your stock's value, you act when your price is available. Waiting around for a techincal issue to resolve might just cost you that opportunity.

I too am left scratching my head at the significance of this drop. They didn't miss earnings by much, and the company is still growing. Look at its PE right now...11!

As a matter of principal and to preserve my diversification, I don't double down on a stock but man oh manashevitz..this one looks Cheeeeeeeeeeeeep!!

[Websman]

I may day trade PSPT Monday, for a quick profit.

[mrmarket]

"Boy, that really got out of hand, didn't it?"

[ankit]

"Boy, that really got out of hand, didn't it?"

Yea... Not the best start to my stock trading experience (this was my first mrmarket pick)... Hope EXM does better.

[IIC]

Yea... Not the best start to my stock trading experience (this was my first mrmarket pick)... Hope EXM does better.

To be honest...I think it is probably good that your first experience was bad...Mine was even worse back in the 60's when I was in Jr. High...My first stock almost quadrupled, got halted, the CEO was jailed for embezzlement and the outfit went under...But the stock certificate is real cool packed away in a box in my parent's attic.

Anyway, the reason I say that is that it can be really bad for people new to the markets to start out with a few winners...People tend to get cocky when that happens and then blow it all when they think they can do no wrong.

An example of how this could happen is my recent study of options...I'm only paper trading for now but I'm rippin' on ICE, GOOG and QQQQ imaginary puts...But I know better.

Best of Luck...Doug(IIC)

[mxa]

This Company is Not Going Away

Showing great faith in The Huge One, I added more at 12.00. Am I trying to catch a falling knife or taking advantage of a market aberration?

[New-born baby]

She's got a PnF target of $13; Dow Theory says $7. I'd say for sure this isn't the bottom.

That's what I said last week. $7 is probably not going to be the bottom. It may be $6. Can you get out alive? Then get out.

[New-born baby]

To be honest...I think it is probably good that your first experience was bad...Mine was even worse back in the 60's when I was in Jr. High...My first stock almost quadrupled, got halted, the CEO was jailed for embezzlement and the outfit went under...But the stock certificate is real cool packed away in a box in my parent's attic.

Anyway, the reason I say that is that it can be really bad for people new to the markets to start out with a few winners...People tend to get cocky when that happens and then blow it all when they think they can do no wrong.

An example of how this could happen is my recent study of options...I'm only paper trading for now but I'm rippin' on ICE, GOOG and QQQQ imaginary puts...But I know better.

Best of Luck...Doug(IIC)

Nice to see you option trading, Doug.

[nothingworks]

I haven't learned to negotiate this site yet, but am trying. I don't knopw what to do with mt PSPT and everything I read here is positive. Still, I bought at around 24 and now it is 12. Is it time to dump it? Thanks.

[New-born baby]

I haven't learned to negotiate this site yet, but am trying. I don't knopw what to do with mt PSPT and everything I read here is positive. Still, I bought at around 24 and now it is 12. Is it time to dump it? Thanks.

Not in my opinion. It may go to $6 before it goes up, but I'd suggest holding until it comes back. If you sell here, you've lost half of your money. I don't think the company will cease to exist anytime within the next five years, so you have a chance for PSPT to come back to your purchase levels. But in the end you'll have to decide what is best.

[casinoboy3]

PSPT sucks right now but at least CHAP is getting close... hopefully #26 will come tomorrow and if not sometime this week...

[spikefader]

Yeah, now's hardly the time to be thinking where's a good place to stop out! In your case you should be doing the opposite of what your emotion is telling you. With your type of strategy (buy without stops obviously), now's the time to be thinking of adding a double or quadruple position and look for some bullish correctives to sell into. While I think it'll likely drop to 9.00, now is the time to be looking at the potential daily 5th completion and asking yourself whether you want a good technical entry to add to your poor fundamental one.

Personally, I think PSPT charts are bearish.........but you may get a good dead cat bounce out of this one.

Good luck. If you do add down here, may I suggest better risk management for the entire position. Stopless or unhedged/undiversified trading is very risky business.