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My once $1400 investment is now worth $0.72. That's what I get from abandoning my trading mentality (setting and abiding by a stop) and becoming an investor ("hoping" that things would turn around).
Yep.. Let's hope it can actually close above the resistance point today instead of fading
Two up days would be nice. I'm not holding my breath for a meaningful long term recovery.
Would be awesome..... If my cost basis wasn't 2.4 cents!
Or you can buy, assume it can't go lower only for it to reverse split again.
I'm holding but not giving PEII another dime. If it keeps declining so be it, but this dilution has been a joke. There's a reason this stock has traded at fractions of a penny.
like me, the "idiot" said.. these things don't go straight up.
No need to call me an idiot. I'm just saying that things that run back up this fast tend to create quick sellers.
a little pullback and/or consolidation before the next leg up wouldn't be so bad either.
I'm with ya. I didn't stick to my guns and sell at a preplanned level. But I'm here now.
Hope is not a good trading strategy.
Seriously. I'll get excited when it actually breaks the downtrend.. which it is far from doing.
There's no reason to think that there won't be further dilution and another RS at some point.
I think it depends on where you are. If you already hold it and rode it down, probably not much reason to sell. However, if you're a potential buyer, this one has all the room in the world to keep dropping.
The absolute amount is irrelevant, if it's a big percentage of your portfolio, that's conviction
I don't get worried. If people get worried, or scared, you're investing in the wrong type of stocks.
For those looking to add or start a position in PEII, why? This stock went to its lowest possible price, and then reverse split, creating much more downside.
Might as well wait for it to drop to fractions of a penny again. Shame on Floyd and PEII. I wasn't genuinely disappointed until the reverse split.
yep.. this reverse split just creates a lot of downside..
same issue here fellas.
good stuff.. next step.. let's see some actual production numbers.
Should have been on the breakdown board.
We've had a lot of big volume days (nothing on this order) but I refuse to read into them good or bad.
It is true that the name of the game on Wall Street is to scare retail investors and take their money, when it is known that a stock will likely head north afterwards.
But where is this rumor coming from? Cause Sierra speculated it might?
That would be like me speculating that PEII will be bought out by some other energy company! I have no basis for that, and neither did Sierra (unless I missed where they stated that). It is pure speculation, not based on anything.
just cause there are buyers, it doesn't mean there are investors. These could be people buying at 1's and hoping to sell at 2's, which is a pretty awesome profit for them.
Reverse splits aren't always bad.
However, with the reputation for relentless dilution, it doesn't appear like a reverse split has much benefit when it comes to PEII.
I still see bid on the 1's and last trade 7 minutes ago.
didn't know that.. ok, NO RECORDING ANYTHING!
do you record these calls or no?
and they'll be like.. what? a OTC penny trading at fractions of a penny? Ok.. "we'll get right on that" while rolling their eyes.
where, what?
the Conoco rumors were hilarious.
No basis for them whatsoever. Just pure speculation.
thanks for the "I told you so" post. Really adds a lot to the conversation.
My story wtih PEII
My first investment was at $.0017 (around February maybe?) after this hit $.0013 and started to bounce. I'm first and foremost a technical trader, and that chart looked phenomenal (set a stop $0.0012) and you have a great risk/reward.
I did trade around it a few times and made a few bucks.
I'm kicking myself for not banking the $0.0039 move that day in late March. But I thought something was up, as price usually tells the whole story (even those things not yet announced).
I was so worried about missing out on being a holder when the S1 was released that I just held. and held. As we know, the S1 did happen and we didn't miss anything in terms of price movement.
My average cost is $0.0006, and I know that others have a much higher cost basis, but at this point, absolutely no reason to sell. Whatsoever. Go to zero, my total account ain't dropping much more if it does.
hey maybe we'll get a little bounce on the R/S day when some sites show a huge percentage gain (as if there was no R/S) and people bid it up stupidly.. then we can unload!
I got somewhat interested until I heard that he is omne.. which then makes me think that it's bull
where is that board? the seekingalpha blog?
Yep, that's him.. but I don't see anywhere in the link to seekingalpha where it says it's happening.
Some dude on Twitter says it's at no bid because the buyout for Conoco is going through. hmm.
My god.. look at that volume. We must be officially cooked!
How do you know it's accumulation? All I see is high volume that could be getting dumped or flipped.
It's all relative to how much money you have in your portfolio total
No trouble with TD here either.