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Re: value1008 post# 1409

Wednesday, 12/17/2014 7:44:16 PM

Wednesday, December 17, 2014 7:44:16 PM

Post# of 2173
Of course tax loss selling is going on my guess it has significantly exacerbated the selloff. Now I think $70 was too high for it, so a decent amount of it was getting excesses out at the peak, but this time of year anything off it's high's is suspect to tax loss selling doesn't mean the fundies are bad, just means it is gonna get hit with and imbalance of sell orders over buy orders, and that drives the price lower. I'm lukwarm on PFHO here personally, I'm certainly not calling for the demise, but I'm not calling for the return of the cult/Hype either. The truth lies somewhere in between it is not going to $3 and it is not going to $100 either. It may make a move to $50-60 next year if everything works out by the end of 2015 or it could be here if growth slows. Time will tell. I have no position in PFHO, so I feel I gave a fair assessment of it. I'm not wildly bullish, I'm not bearish either. But the answer is definetly tax loss selling has something to do with this selloff being exacerbated that much is obvious in my opinion.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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