is..ticked off
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Hi, still on.
Agreed! Nobody buys stock at 50% or more above market value unless they see potential. I'm willing to wait, or buy more if there is any hint of a down swing.
That's right. The nice thing about this stock is that the CEO owns about 60%, and add the 6.8% and 6.2% of the next holdings, you have only about 27% of stock in everyone else's hands. Plus, I spoke to another holder that claims holdings of 4% who said they were in it for the long haul, really, what's left?
No matter how much others have, they will run out of shares to sell, just as they have done at prices much lower, only this time, they may regret it even more.
This day to day thing is just silly.
Totally agree. The fact that so many shares are moving in the 50s while this stock is a complete unknown impresses me. Now that we have an official basher on board, you have to figure we're going places. I agree with the SA article, something could always happen overnight that could make this a game changer for the lucky few that see the potential. There just aren't many shares around.
It's simple. Rather than spend company money on road trips or promoters, the CEO, with his own money, is sending the message loud and clear that the stock is undervalued. I guess the only people that don't get it are the sellers. What more does anyone want?
Hanging on to every share, regardless of price. Never understood the selling at $5, $7, $23 or $69, nor will I at $120.
Nice 300,000 bid at 0.04 yesterday. Seems some people are paying attention.
My thoughts exactly!
Sell? I know not of this word :) I mean, what does it take for sellers to rethink?
Great sign of confidence. As always, bewildered by the sellers. You don't throw away something as scarce as PFHO shares IMO.
Another Form 4 filed. 5 cents/share. Doesn't look like the insiders have given up on this.
I can't explain day to day market cycles. My guess is that bidders back off seeing the larger blocks and are taking my advice not to feed the bears, and get a better price. That 1100+ share block could already be gone in pieces at lower prices.
Short sellers will tell you that there are many reasons for people to sell stocks. Profit taking, margin calls on the holding or another holding in a portfolio, financial needs, stock becoming unrestricted, portfolio rebalancing, market timing, etc. We don't know who is selling or why. The good thing about owning this stock is that it is undiscovered. The bad thing about owning this stock is that it is undiscovered. Until the company grows to a market cap that it gets discovered, it could be volatile.
As I've said before, a watched stock never rises. I think for investors such as myself, the best thing is to ignore the daily noise and not watch it at all. If we even come close to some of the earnings projections made by some on this thread, today's movement will look like a small burp on the chart.
I can't add anything to what has been said about today. I think you asked if anything like this has happened before. Perhaps not in one day, but there was a lot of selling after the CEO bought stock in the $9 range, and drove it down to $7 on high volume, just before earnings were released. I think it scared a lot of holders out, figuring that the market knew something. It didn't. The stock blew past the teens. Then, in the mid 30s, the stock was driven back to the $23 range, much like the trading action was in the last few days. Again, earnings jumped and the stock tripled.
I don't pretend to know what where the stock will go short term. I have never understood the wholesale selling with no regard to price. I haven't sold a share, as I haven't found a stock with the growth potential this stock has, let alone all the other things that PFHO has which have been pointed out over and over.
Today there did seem to be few bidders of any size vs. several offers of larger size. It seemed to panic some people into giving up their shares. True tree shaking. Sooner or later, if this company gets to a critical mass, they will need to do some better IR work, uplist, split or something. Patience is a great ally.
As far as the CEO buying more, who knows? That doesn't cross my mind. The fact that he had bought some recently, and holds such a huge stake, is all I need to know. He can't cash in on his wealth efficiently without selling the company whole, making a large acquisition or something like that. My hat remains squarely in his ring.
Your post about being in the 50s pre-earnings is dead on. Also that the CEO bought 400 shares in the high 40s should put a floor on the selling. I never understood the wholesale selling in the first place, as I've never considered selling a share.
Other than putting in a bid at silly prices, I try not to look at the madness.
Don't know if anyone has posted this before, but because several people have had questions about what the company does, I thought it would be useful for those making investment decisions. Even though it is a bit dated, I think it explains the business(es) well:
This stock has great price persistence on the upside. Couldn't ask for better, new highs, and not on hype or parabolic moves. Regarding valuation, all that is relative in a very inefficient market, but I wouldn't think that the consistent buying is made by people who don't see huge potential in this still very tiny microcap. As far as the sellers, I could never figure those folks out.
I still have every share purchased, and don't know if that will ever change.
Vegas, indeed!
Nice. Enjoy the BBQ and anything else you do over the weekend! That close already gave me reason to toast tonight!
Summer of 69 for now, 100 bottles of beer on the wall next? "Hey 19" removed from the jukebox.
Everybody happy! :) And if like me who hath never sold a share, VERY HAPPY!
Been following this company for a long time. $2MM market cap seems beyond low to me. I liked that there was some insider buying, and yes, I bought the 300,000 shares that were offered at 2.5 cents today, and was looking for more.
Parks! America will likely be parked in my account for a long, long time. Let's hope they execute on the potential they have here.
I guess the author's point is that he feels the lack of a qualifier to "higher revenues" means that there will be a more significant upside in revenues in this or coming quarters, rather than "moderate" or what I've never seen "slightly." I guess we'll know in three months what significance, if any, the lack of a modifier means. I personally don't trade on speculation such as that, but I wholeheartedly agree with being wildly bullish on PFHO.
I'm not invested on what happens to next quarter's earnings. I'm invested because of the potential that I believe they will achieve throughout the year(s). I really believe we're rotating out of those who bought this on speculation to those that are long term investors. This is one of those stocks where you may really regret selling (as many have already found out). Unless there is some unforeseen change in my financial situation, I intend to hold on tight to every single share, and always entertain buying more.
Onward and upward.
There are a lot of opportunities at the right price to acquire or be acquired. Management won't do a deal just to do a deal, they are very tight with their money and shares, exactly what you want from someone heading your business.
I think with proper patience and vision, others will discover the potential here and soak up any shares from weak trading hands that remain. In a few years time or less, we may not even recognize what this company has morphed into.
I agree. Bad market today. I think it would be a mistake to sell and think you can flip back in with so few shares outstanding. Lots of shares were purchased in this area, as has happened before, some profit takers have gotten out, more informed investors getting a chance to get theirs. Management is working hard to deliver great bottom line results. All my shares are held tightly.
You are so right about that. Not yet discovered. Given some patience the company will grow itself to where top notch investors can't help but find it.
Anything is possible, but I would think what the best course of action is to continue to build the company and get to a market cap where they get institutional attention. The potential is enormous, and whatever makes sense for all shareholders is what they will do.
Indeed! Everybody happy!
I was wondering if anyone had noticed those changes in the 10Q too, interesting. Seems that I'm not the only one in the PFHO cult that reads every word :) Nice that the cult is pretty exclusive with so few shares available. I have full confidence in Tom.
I was wondering if anyone had noticed those changes in the 10Q too, interesting. Seems that I'm not the only one in the PFHO cult that reads every word :) Nice that the cult is pretty exclusive with so few shares available. I have full confidence in Tom.
Investorone - nice comments and good call on PFHO today. I was surprised to see that it got as low as it did - but like today, the biggest surprises may very well be on the upside.
We're only around a $50 Mil market cap. When the market cap gets to $100 Mil, many more analysts and small cap institutions may take notice. At $250 Mil, they will HAVE to take notice. Lots of good things may well be in store for us. The nice thing as you said, is, that we have yet to even be found. I have almost a $3 million dollar gain on this, and wouldn't think of selling to "lock in a profit". I just don't understand how smaller investors would let go of this gem, that as one poster said was the best that they have seen in their 25 years of investing and not let their profits run, and possibly gain even more than when this thing started.
And I do agree with the 25 year statement. There was only one other stock that I invested in that did close to what is going on here, and it took me several years to find that opportunity. After that, it took me 5 years to find PFHO, and I haven't found anything with the share structure, growth, etc. that comes close, and may not for another 5 or 25 years, if ever. I still believe, that the next PFHO, is PFHO, only it could be even better than the old one :) Lots of good things happen as market caps increase, and at a much faster rate. Good luck longs!
To answer your question, no, I haven't talked to the #2 holder, and really have no plans to. From what I understand, he is a consultant with the company in some capacity, and I don't think he would say anything more than what Tom would tell me, and even there, it can't be anything of insider information. And whether that person holds or sells their stock in the future, that would be their decision. I'm sure they know as I do, selling a large block while the company still has a small market cap wouldn't be a wise thing to do.
I saw that you purchase stock on the weakness today? Great job. Exactly what the best successful traders/investors should do. Ignore the market gyrations, and stick to your convictions. I don't think you can call yourself a novice anymore :)
I couldn't have said it any better. The only thing that happened was that the hot money looking for instant gratification on the earnings flushed themselves out. Just as in the past, we now have more sellers who regret their action.
The key question is, who is buying? The action speaks loudly that there are some deep pockets with long term views on this company that are replacing these sellers that drove the price down in the AM. I thought maybe it would give someone a nice chance to buy in the 40s, but now the 50s look like a great deal. My guess is that people see this niche play as something that can be exploited into something remarkable. Look at all the healthcare IPOs lately, most that have huge market caps, P/Es and slower growth. As this company is in California, where big dreams can happen, you have to figure that some investment banker someday will want to unlock the potential and find a merger partner or something. Just my thoughts.
On a personal level, given how well PFHO delivers, it always amazes me that people will jump out and take a profit just because the price moves and they want to "lock in" a profit. If the company were private, people would line up to buy the stock and hold it for years and be happy. I just never understood the urge to sell short term. With this stock, you may have a nice realized gain, but end up with tons of regret later.
LOL, no, but I have thought about it. I keep wondering if someone will eventually join the three of us who are over 5%, gotta leave some shares for them I guess, no?
Anyone putting in a bid for such size isn't playing it to trade it overnight, they are investing on the awesome potential.
Everybody happy! :)
Let's be careful not to be seen as spiking the football here. Not only may it bring bad karma, but remember, the market is the market because of different personalities. Some people will see it as hyping the stock. Other personalities despise the success of others, and will act out in an unpredictable manner.
I've lived through this with another company where as someone close to the company sold a bunch of stock, and couldn't get over that the company was successful, and that people were up many fold since he sold. I actually had to work with the CEO of the company to find out who that was, and also set the record straight. But people like that can cause a lot of trouble, so we don't want anyone to feel jilted. But a few "Go PFHO's!" doesn't hurt, and a welcoming comment to anyone to join the PFHO bandwagon isn't a bad way to go either. :)
I have no idea what relatives do, unless I speak to any of them by phone. That they would listen to anything I say should be flattering, but PFHO speaks for itself.
Glad it helped, and that you are in before the train leaves the station. And congrats, you also stuck to your guns, did the DD and didn't get shaken when these shares were being dropped like a thief dropping a purse running from a cop.
Stick to what you learn and believe, no matter what people tell you, and we'll be hearing big things from you.
Yes, as is a family member who bought another 100 shares from some hapless seller today :) More float locked up. :) Many more ear to ear smiles await!
Yup - strong as ever, and IMO, we ain't seen nothin' yet.
Yup. Just a nice tick up. No hype, not too fast, with persistant buying. Everybody happy!