In my opinion, we could see more short term shake downs by shorts who want/need cheap shares to cover. However, imo that will be short lived. I think that once the PR's.....especially the last two....really catch the attention of the greater investment community, we could see quite a large run up in pps and not just another little spike as we've seen with all the recent PR's. I feel the company will do whatever they can to drive up pps (likely by regular, STRONG PR's....even possibly paid promotion) pre and post split. I'm not personally concerned with a post split pps of .05+/- as I feel it will only go up from there. I do think many folks are sitting on the sidelines at present waiting to see more volume come in and waiting to see where we're at post split. IMO, by or before the end of the week, you'll get your chance to flip 90% and carry 10% long....and then pps will settle. I honestly do not believe that the PR's on Friday and today got nearly the recognition/audience they should have and deserve. Once they do, imo we blast off to at least .30 pre split pps/.10 post split.
I look at this as more of a long term investment. I believe it's going to take some time for the pps to really go up and stay up. However, imo when we get a PR of an actual acquisition and/or another R/M or two; I believe we'll be looking at post split pps of .30 or better....but months down the road. PGI needs to get their pps up for financing so I'm sure we'll be hearing a lot more, but I think that other than some decent spikes here and there when PR's are released, we'll be trading sideways (post split) until we get a PR of an actual acquisition. This is all imo but I hope I'm right about the upside and wrong about the downside, lol. IMO, only time will tell for sure.....short term; mid term; long term.
Keep in mind that when a stock is trading sideways, it becomes fairly predictabe imo and can be great for day trades. The strategy I use is simple: wait for a decent pull back; buy up a bunch of shares; wait for the bounce;sell off your shares. Today's performance is a prime example of how that simple strategy could have gotten you approx. 20% gains 4 times today for a total potential profit of 80%+. This is very risky trading so if you choose to give it a try, I recommend you excercise EXTREME caution!!! This is all imo and what has worked for me in the past. I do not recommend that you attempt any of this or even listen to a word I'm saying here as it is all just my humble opinion. GLTY and I hope in some way my opinions have been helpful.
Everything I post is only my opinion. Please do your own DD and do not make any investment and/or trading decisions based on anything I say as it is all just my opinion.
