Savvy Trades and Investments

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Hoping PCMI works out for us. But they bought all those $13+ shares during Q3 when they knew it wasn't going to be a great quarter. Not looking too smart now. They've missed the past 2 quarters. You would think a competent management team would (after just being burned), give very conservative guidance for the next quarter. Something they know they will meet or exceed. But PCMI gave fairly bullish Q4 earnings guidance (especially given that significant order slipping into Q1). And will surely miss again. Miss badly if the stock price is any indication.

Can anyone explain the relentless selling? It's a victory when PCMI ekes out a nickel gain. There's plenty of buyers. That's not the problem. A Nasdaq tech stock that was in the $30's last April...now in the $8's...that could have earnings of $2/share this year. Who wouldn't want to buy that! But who the heck is selling? Every day it's like someone is camped at the ask with unlimited shares to sell. Or maybe even shorting. What do they know that we don't?? Guess we get to find out next month.

I can't remember the last time PCMI had a good day. Been at least several months. While the broader markets have been absolutely on fire. Don't you think PCMI would have had maybe one 10%+ up day in there somewhere. If only for a day, to come crashing back down the next. But it hasn't even done that! Even the tiniest gain is quickly snuffed out by the sellers. Look at the stock chart. Very strange. Stock had been flatlining around $10 since the disappointing Q3 report. Then dropped down sub $9 this month. Despite the lack of tax loss selling pressure. And a market that is soaring in January. Nothing can seem to put a dent in the PCMI selling. Can anyone recall such an odd chart...with a very tight range and no moves higher?

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pcmi&insttype=&freq=1&show=&time=8


Maybe it's frustration selling. I mean who could blame them. I've been tempted to throw in the towel on this dog myself. But I can't do it when I look at a multi-year chart. PCMI was trading around $10 for 3 years from mid 2013 to mid 2016 when revenues & earnings were a small fraction of what they are now. And that was before the large acquisition. So even if they had to take a writedown on most of that, there's still plenty of value here. Another reason I'm sticking around is that even though Q4 likely won't be pretty, the stock has been absolutely annihilated. So there's plenty of bad news already priced in. And I think we're gonna see some much more favorable comps in 2018, possibly starting with Q1. Stock will rebound sharply if that's the case. Or forget about earnings entirely. Just announce a small blockchain acquisition. PCMI would zoom to the $20's in day. Not possible? If I sell, I promise that happens the next day ha