MJK are you daft?
"This SH poster is convinced that he should gain from at worst 67%, to at best 300%, in a couple of months. Yet he is adamant that he will not buy another single share of PTQ stock under any circumstance!!! "
are you daft MJK? .....or is your reading comprehension as low as you make the ankle biters out to be?
what he actually said is he is worried it may drop back to the 40 cents a share if Inmet backs away from PTQ. So any additional dollars may result in a paper loss of 33%. That's my interpretation of what was said.
so he is not disputing its potential value, only what might happen in the interim. If it does fall back, he could get 50% more shares for any additional dollars might he put in.
The point is, we don't know why the market has valued PTQ so low for the last 5-6 months at 30-40 some cents. The share price rose when Inmet made an offer. What is the real market value of PTQ?
I think it is much higher in the long run but how will this play out in the short term? I certainly don't know. Hopefully much higher for all longs.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
