If POWN goes back to the teens -- which I think is highly unlikely -- it will be because many people who bought at much higher prices with money they probably couldn't afford to be investing in the in the first place, panicked and sold at substantial loss.
Some might want to be taking some profits, and that's up to them. In other words, this is not a sell off of a stock that is only dust and air, and everybody knows that and is heading for the door.
There are also many people, including me, who know that the big news for POWN is yet ahead. Why anyone would sell instead of buying more at this point is beyond me. But then again, my investment window going into this was 12 to 18 months. As I get some loose cash, dips in share price represent buying opportunities, not fear induced panic.
Panic decisions means I'm playing someone elses' game of buy high, then sell low to me. According to the available DD, there's no reason for me to sell yet. If I make a mistake, it will be based on my decision, not someone else.
GLTA longs
GreenMan
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