Long still looking solid for this ticker--
ETFs Today 3mths 1Yr YTD
PPCH -9.64% -71.86% 68.67% 1,707.14%
No expert here but what I am assuming is going on right now with PPCH, according to their last report, is that they need lots of money progress further with their research, and until all the notes get converted and sold into the market to provide them this, it will continue to drop. Makes sense that the PR wire has been pretty quiet during this downtrend, because there really isn't anything major to report, just a waiting game.
Been long since early this year buying in at around 1.6 cents, and haven't even considered closing my position. May be a little cliche saying this, but longs truly do know what they are holding if any DD was done on their part. Great company here, sad to see it tank like this temporarily causing a lot of investors to jump ship, but as shown above their yearly growth (in terms of stock price) is nothing to complain about.
As with all bio companies, there is a risk their research just doesn't pan out , but if that was the case for PPCH at this moment I believe a PR would have already been released stating that. If you're looking to make a quick buck, great, have fun flipping and there is money to be made, but for the longs just ask yourself this - "Would you even consider selling if the uptrend continued and the chart didn't break?"
I bet the answer is no. Either way, today, you have the same amount of shares, and a loss (or profit) is not taken until you close your lot. Always remember that.
Goodluck to all, Pretty excited with the next major PR PPCH releases. This is one of the few tickers where I can say it is the company I have truly invested in based on all the DD I have done, and not the chart. Yes, there is always risk, but time will tell what happens!
