Friday Thoughts
PRED is not all Rainbows & Unicorns - there are some serious issues with this company. If not the price wouldn't collapse after each run.
This makes it fun to trade.
The recent run & collapse has been different than others as there has been limited to no availability of shares to borrow for anyone using IB. The fee rate also stayed incredibly low for most of this, however it is up to 68% on the borrow today.
You should read the filings and not try to explain away the warts on this pig by saying management and Orin Hatch etc.
Every time this goes down it is due to The Shorts, The Freemasons or a Vast Right Wing Conspiracy, never due to fundamentals and the promotion getting ahead of the company.
If you are long this puppy and you don't take profits on the way up you deserve to get your ass handed to you by everyone that even at the current low share price is still making $1.25 selling their 50 cent shares.
What if anything has really happened to increase the potential for positive cash flows from PRED over the past six months. Was this really a $6 or $7 stock in June?
Uplisting to NASDAQ does not immediately make the share price go up, further to those of you that think there is no way for a "scam" company to make it on the NASDAQ you should do a little research on the China Hustle.
There is a different possibility that all of these quality people are trying really hard to make something happen and hit the big win. The problem is they may not be able to do it, however, while they are trying they are damn sure making sure they get paid. Follow the money and see who is winning here.
Read the filings for the love of money!
