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Re: pphmtoolong post# 128309

Tuesday, 06/18/2013 7:11:21 PM

Tuesday, June 18, 2013 7:11:21 PM

Post# of 345969
<<maybe you should sell and watch this play out from the side lines>>


No way. Yes, I have some discomfort, particularly with the lack of transparency and mediocre BOD. However, the Bavi potential in terms of risk/reward trumps my level of discomfort at this time.

I do trade part of my position on occasions with some success and have written probably more covered calls on PPHM last few months than anybody else on this board in an attempt to lower my average purchase price in case of PPHM failure to negotiate a partnership and resulting PPS drop. If the stock takes off then the difference in average purchase price of 25 to 50 cents or so will be meaningless.

The way I see it - downside from here of about 75 cents would be absolute worst case scenario. The upside is bigger for an order of magnitude and if we only have 50:50 chance of success it is still an excellent gamble. So, to sum it up, I am not selling.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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