InvestorsHub Logo

chemist72

08/08/18 11:07 AM

#7614 RE: bob4uall #7611

Think we are in agreement now. And thanks for the "definition" of fundamentals.

I was leaving out ideas of growth in my analysis, which is probably not a good thing to do. "Growth" is obviously a very important part of any stock's valuation. However, in my limited experience, it is probably the most difficult part to analyze quantitatively (which is why I don't like to express my thoughts on that subject too often).

However, in the case of PIOE, it is likely the "growth" factor that is keeping PIOE as high as it currently is. After all, current book value is around $.16/share (as measured by total stockholders equity).

As for my PIOE position, I am currently trying to analyze how many shares I might want to buy at these current low prices (hopefully near a bottom).

Its too soon for me to call a bottom in PIOE prices or even to declare a trading range. However, I hope to be able to do so within the next week or two. But sometimes you just have to trust your gut when making buying decisions. At least that has been my experience.

No matter what happens, I will likely be holding my core position in PIOE for at least another 3 months until the next quarterly report is filed. It seems the "action" in PIOE stock is occurring in these 3 month cycles, coinciding with their quarterly and annual financial reports.