I think it's prudent to consider the possibility of a R/S. We have a lot of shares outstanding for such a small market cap. PPHM would support the move with strong news. Retail becomes a much smaller percentage of the whole. Institutions get in just before the big move. As long as BAVI is a commercial success all shareholders will be happy.
Our bloated shares is one of the reasons good news doesn't move the needle.
Make no mistake, I am a long/long and will ride this out. Too much ground has been covered over the last 2 years to get shaken out now.
It's not surprising that the markets are correcting. By any metric you choose the indexes have had a very good bull run for the last 6 years. It's been mostly debt induced with central bank nonsense and corporate buybacks but it is what it is. We have no idea whether it's a garden variety correction or the start of something more ominous. I've traded in and out of a volatility index since last Summer as a hedge against my biotech longs. It hasn't made up completely for the pullback in PPHM but it's helped. I sold the volatility ETF today expecting there will be a rebound in the indexes. I've used the low price of PPHM to buy more shares and convert some of my SEP to a ROTH. If others are so inclined, from a tax perspective, now is a good time to do a conversion if your cost basis is 30% or higher than todays price.
Go Patriots!
eastcoastguy
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