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Hang in there, Chemist! This may hit $2.00 by noon today. We seem to be firming up with no big sellers.
I've seen much, much worse reaction to disappointment (if you call this a disappointment!)
These new figures are pointing to a higher valuation, I think. The share price may get real very shortly.
Where is the bottom? Will it bounce now?
Things are about as I laid out yesterday, but a high-volume sell can still put us under a dollar.
The fundamentals are good enough that this nonsense may be over by afternoon. "Sell on the news" may be rather short-lived.
January-March is already in the can, so some people may already know how that went. I can't see much of a rally because of new operating revelations.
But, like any stock, a good new thing may happen at any time. I don't like the technology patents of the old mechanical storage company, but perhaps they hired the best marketer they can get.
The story here is now acquisition negotiations and leaks to the big guys. Operating results seem to have little to no downside risk as well.
I may do some buying if somebody panics or gets impatient later today.
Are buyers poised to pounce? Pre-market doesn't signal anyone is in a hurry either way. No trades so far. Bid/ask size is just 2x1. In other words, like any PIOE pre-open.
It's amazing how similar my dream was!
I was in a grassy pasture, and in that pasture were seven fat cows. Each one was branded with a mark, and the mark said, "PIOE".
A river ran alongside the pasture, and to my surprise a man bobbed up to the surface of the water. He was completely in control of his emotions even though he said that he had just swum out from his driver's window as his old car was flooded and was being swept away by the current. As I was still marveling at this, a camel came walking by, along with Don, his driver. I asked Don if could explain to me the meaning of the mark "PIOE" which was branded on each of the seven cows.
"That's easy", he said. "It stands for Paideia Invests Only Excellently!"
Then I looked and the man who had come out of the river apologized that he had to leave, and then he asked if I knew where the nearest luxury car dealership was...
I think we open lower but recover when volume gets bigger.
Thin volume in the early trading may cause quite a dip (maybe a shock, but hold or buy) because the play may be over for some and there are not a lot of shares out there.
It may pay for some to hang around awhile and pick up some of those shares.
But I think we get into $2 and higher in the afternoon or maybe later in the week since volume should build for what is now provable with the numbers that PIOE is not a typical pinkie crapshoot. It is a solid investment.
Sleep well!
I forgot to say thanks to Sugarplum for posting the 10-K link. Thank you! In the long run we will not be disappointed, I expect. In the short run, I hope some savvy investors will start flooding in now that turnaround speculations about a dead, dead bankruptcy have turned into a real report.
The closing words show great wisdom and understanding.
One reason I stay invested in PIOE is that I really don't see many people dumping shares, due to the makeup of what is now outstanding.
You've got RCP people, original owners of PIOE and financiers. You have the grizzled old ACPW bankruptcy survivors (miraculously), of which I am one.
I don't think the speculators own very much.
If these new figures create larger trading volumes, I can only see the price going up. Not down very far, worst case.
Still lots of room for share price appreciation, in my opinion.
The price may drop significantly on Monday "on the news", but then I expect another run-up into May because the balance sheet would still be growing.
And yet, PIOE has a very limited universe of investors. But now we have large numbers on the balance sheet with more to come and an earnings curve that is expected to accelerate. The recent rally may have been justified and could march right ahead on Monday.
But the "whale" may be more owned by the fund managers than the parent's stockholders.
RCP is structured for high commissions it seems.
My first thoughts on
EBITDA per share expected to be 22 cents or more annually beginning in the 3rd quarter or so? So p/e ratio is around 7 maybe if price is around $1.60?
Good that we have a real company earning real dollars!
20-cents book value/share & price/book about 8
That's what I see first, but now to do some reading...
The rally could be coming from leaks, remember.
Someone brought this up before. Many times there is a slow price rise into news because there are people out there who have a "really well-informed" (shall we say?) idea of what's going to happen. And then, when the news is released, the price really jumps!
Just so you know , I'm not always negative.
I just hope they have some happy surprises for us in the Annual, Chemist. The anticipation is running quite high and I'd like it to go higher. Otherwise, I guess price will fall back and we get to cover the same ground again into May.
It's all about what is NEW.
And I'm sure you would accept a price-to-book ratio of about 10 as completely reasonable as well.
Wasn't that the usual early dump?
We should soon see how high the usual 10,000-share will make this Easter Ham Pioe* fly today.
*"Pizza Rustica" is a traditional Easter Ham Pie. Isn't the Internet great?
Even thinner now on Level II. If you ignore a few market makers' 100-share bids/asks, the spread is now bid $1.35/ask $1.75. And even those are very small size.
Looking at Level II, which I don't often do:
Right now it appears a 10,000 share sell at the market would take the price to below 60 cents. A 10,000 share buy at the market would propel it to at least $2.75.
That won't happen because a lot of orders are probably conditional and don't appear. Also, new orders would fill in if the price got that jumpy.
But is Level II usually that thin?
You make a good case. I am holding, too.
Is the balance sheet in the price already? That's the big question.
Your expectation is $123MM+ in assets and I don't think anyone can guess the liabilities, except that they would be small.
I am holding my shares hoping that people are not that aware of how strong the company is, and that some people will be SHOCKED at the strong balance sheet and will want to get in on what we all hope is still the ground floor!
But how much of this is already priced into to this rally? Not much, I hope.
Volatility alert!
I just love rallies on expectation of a surprise. But there is some probability that you sell here and then start your buying all over when we hit 85 cents next week sometime.
I am not going to do that, though, because there is also the possibility that the annual report and news will propel PIOE shares to new highs.
Unfortunately, what I said first is what usually happens on a rally ahead of news. If PIOE management only states again what we have already known, then maybe the price will fall back. But, in this case, their news may be a solid confirmation of what people on this Board can only suspect is the effect on PIOE's balance sheet. That confirmation may cause further price appreciation. So that is how I am playing it this time.
The Pre-Report Rally is nearing its end.
The next phase will be a continuation on good news, or maybe some volatility if the report is delayed (late, that is) and postponed into April.
But it doesn't matter to this Board. Everyone here is holding right through May, or so it seems.
“Opinion: PIOE With New Subsidiary Due to Reveal Vastly Expanded Balance Sheet, Book Value”
You are right. It looks like the CFO was a man named Steve Fife before Jay Powers came.
Jay Powers came in during or after ACPW's big China boo-boo, if I remember correctly. He succeeded John Penvers, an Australian, whom I regarded very highly due to recognition ACPW was getting at the time for having very trustworthy accounting practices.
Jay Powers is just one example of the current star power on PIOE's management team, in my opinion.
I was so far underwater with ACPW that I decided to wait a little longer. So far it is paying off.
Good points, thanks!
And the volume is still basically nada.
The two big moves had very different volumes.
You and I and everyone here are wondering who is even watching PIOE. It seems like less are now than before, if share volume means anything.
The share price moved up about 75% from 40 cents or so into the seventies back in October. This created heavy volumes with one day near 2,000,000 shares changing hands, if I remember correctly.
Now we have the same 75% move from about 80 cents to around $1.40 and we get crickets.
I don't get it.
I bought on a little weakness just now.
I was doing my biweekly paycheck-related investing this morning when I noticed the bid/ask on PIOE has dropped back a little. There were a hundred shares available for $1.31. So I put in a limit order for 400 shares at $1.36. This filled immediately in one block at $1.285.
So if someone wants a lower share price today, I just helped them out I guess.
Boom! $100,001.86 No brag, just fact. But I realize to some, that's big. To some, that's small. And as someone here recently said, it doesn't really matter because we can't and don't need to take one penny of it over to the great beyond.
Looks like my "speculative portfolio" will hit 6-figures this morning, thanks to that. If I had put it all in PIOI-Q, maybe I'd be looking at 7.
It took $1.48/ share to buy 7,000 PIOE?
I'm not logged into a brokerage account now, but the chart on this page seems to indicate that.
2nd Ask-Slap today @ $1.36
More to come, we all believe.
If there is a horse named "Sell on the News" bet that one.
But actually, I like that as soon as the PIOE March report comes out, people could start posturing for an even better May report. So I am not too scared of a downdraft after the March report.
And there is also the possibility of the March report being better than anticipated...
Charts are all about how does history affect future momentum, and you are pointing out some good indicators.
To me, today is an obvious play on how positive the financial report will be and does the company choose to reveal significant new achievements and/or opportunities.
If good news is leaking, watch PIOE go higher when it becomes official.
If this is just anticipatory, then watch out for the old "SELL ON THE NEWS" if expectations turn out to be greater than reality.
But I firmly believe that selling after the March release, if any, will be a minor setback since a great 10-Q is expected in May (besides any unknown new developments).
$1.30?
You are over six times bigger than me in PIOE. Next time I will bet the house. Good luck staying with it!
And I forgot this reminder: No RCP-3 acquisition would be in the 12/31/17 numbers.
Who wants to forecast the PIOE balance sheet as of 12/31/17, since it is, after all, bracket season?
Let's make it simple:
Total Assets _______________
=
Total Liabilities ______________
+
Stockholders' Equity ________________
I've read a lot of posts about a lot of big numbers in RCP. How will they shake out in the balance sheet?
Looking for a test of 38-cent high yesterday. Coming soon, I suspect.