P10 Industries Inc. (PX)

[bob4uall]

The report attracted no buying attention, so today I sold what was left of my position at an average of $1.09, and my position was no longer very large. I will be looking for an entry point which may be lower (or even could be higher if trading gets more active toward some unanticipated new development taking shape).

I like the company, but its performance seems etched in stone by the arrangements with the fund managers and major creditor. I hope positive earnings works out as they expect, but this seems to me already baked into the share price.

Thankfully, nobody else headed for the exits today so far. But that's a problem with a stock that has few followers.

I look for a major market rally to begin once the elections are over and damage should be slight to the deregulation going forward. In fact, the rally may have already begun, reacting to final polls. Add that to the typical seasonal swoon in September-October and we may have a nice reversal right through January into spring. Lots of opportunity ahead!