I agree with the basic premise of what you guys are saying re: emotion and bottoms etc. - this is possibly showing signs of bottoming...but when the downtrend is this strong, with this much weight behind it...picking a bottom is not the best strategy...
The investment basis of many of you are holding to is that this is showing extreme value here - which could be the case...or not...
This is NOT a Warren Buffet play - just don't even consider that. So many fall into that trap with these hyped stocks - no-one knows what the revenue is really going to be or how this will play out. Buffet would not touch 1PG with a 10 foot pole
Too many questions ???
Have seen so many of these things play out...the charts all look the same...you could be right and get a good bounce here (I mean good - 20-30%) or it could roll over again...it is a real punt
Study Wyckoff - he would wait for it to fully bottom out, all the shorters to move on and the volume to roll off - bottoming is a process, not a one day event.
I will put it straight out there and say I could be keen to buy if and when this bases out...not today...I have no personal axe to grind or desire to see it cheaper so I can buy more -
I will not touch until there is more evidence - if it is at $1 or $2 so be it.
1PG Price at posting:
$1.28 Sentiment: Hold Disclosure: Not Held
