Replies to post #3501 on Profire Energy, Inc. (PFIE)

[jugs]

Volume is as anemic as ever---no chance of making money here whether thru trading/speculation or longer term investing.

When just a couple of thousand shares of a company's stock represents the opening half-hour foray into the trading day, there can be no doubt but that this is a stock pick strictly for super hump change and not to be respected as anything more.

Some will look at the current price of $1.10 and think it represents a sure thing, that it will soon climb back to $1.31 or so. And that's possibly the case, representing the potential for at least a 25% gain, right?

Wrong!!! It could take a long time to happen. Worse, a position of 5,000 shares costing $1.10 won't happen because it will tick higher on your demand. So you'd wind up paying $1.15 or greater, in all likelihood. And that means you'll need more time to gain the leverage you sought in the first place. Then, we factor in the possibility of nothing happening for a long time. Meanwhile, your money is tied up in a worthless piece of garbage.

Buying this is a dumb move in my opinion.

[WBillCody]

The company is making/creating the market. They created the run to the new 52wk high so the CTO could sell ~30K shares and they drove it down to $1.08 so the options can be exercised at a low enough price that keeps them listed, but still feathers their bed. These guys are dirty, but that should work in our favor...they won't allow themselves to lose money.

exercise price that is equal to

"the fair market value of the Company's Common Stock as of November 2, 2016"