No, but it doesn't matter what I think, does it? I can't control the market's reaction.
In all honesty, I am getting to the point where I protect my profits if I see doubt reflected in the trading. I've been burnt once too often by holding long through thin and thinner.
Unless I bought in so cheap that I'm deep in profit, and am dealing with a dollar amount I can afford to overlook for a month or so while the story sorts itself out, I find I am quicker to move cash to the sideline and wait for the story to shake itself out.
If the accusations are false, that will be established pretty quickly, and the PPS will resume it's upward climb.
I recently made a decision that I will actively avoid getting involved in any stock's 'story', either defending it or discrediting it. There's nothing to be gained, imho, except confrontation and clouded judgment. I don't know any of the principles involved in creating the company. All I have is second hand information, either from those for and agains.
'Mr. Market', in his infinite wisdom will decide how he feels about the story, and I'll go by his judgment.
fwiw, I still hold to my belief that the penny market is indeed looking for the next sub-penny runner capable of reaching .05c, and that money will flow into the next worthy candidate. From the money flow last week, PYPR looked to be a front runner in this category.
This week we'll have to watch closely to see where it goes from here.
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If you take anything I say as advice, you're crazier than I am.
