Most likely for a couple of reasons, Piper.
Although the amount of people aware of PRED is growing, it still is relatively under the radar. Just ask needsomestock how frustrated he, and many others, are that PRED isn’t doing a better job w/promotion to the public. He’s right, it wouldn’t be that hard to do, as there is SO MUCH to promote! But they’ve decided they’re not ready yet.
The recent run-up to near $7, was a jumping of the gun. PRED management wasn’t ready, and the shorts seized the moment and took full advantage of the situation, punishing investors who bought at higher prices. However, on a very positive note for those paying attention, this recent run-up shows what will happen, and then some, when it really is “go-time”. That run to $7 was nothing.
What do you think is going to happen when substantial earnings come out, and management makes a push, and our stock price jolts high enough to qualify for NASDAQ, and substantial institutional investors make huge plays, AND the shorts have no choice but to cover? I guarantee you, $7 will be in the rear view mirror and a distant memory. It is this scenario that has reputable people like Thomas predicting the stock price will be $25-$30 near term. Will it hit that before the end of the year like Thomas first predicted? Answer: It doesn’t matter to those who are disciplined. It could be we get there in December, 2019, or Feb, 2020, or June, 2020.
We have a number of longs posting they won’t buy more until the stock price rises to a certain number, and they feel more confident. So I’m guessing there’s a fair amount of money on the sideline, just waiting to be played long when investors believe it is time. This kind of investing certainly is understandable, especially given recent events where investors got burned, some substantially, even if only on paper.
Personally I think it’s a mistake for these longs to wait to buy, but everyone has their own style and comfort level with investing. For those of us who truly believe PRED is that diamond in the rough, and about to shock the world, buy as much as you can as low as you can. It takes discipline, and side-tabling fear, but factor in all research, and press releases. How confident am I? 365,000+ shares confident. I’m not just talking the talk. I’m walking the walk.
