PET 0.00% 2.5¢ phoslock environmental technologies limited

Ann: Phoslock Production Update, page-23

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  1. 425 Posts.
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    PET is not paying dividends.

    I cannot eat paper profits.

    Selling a very small percentage of my shares to take some profits (money I can eat) is not the same as recommending a sell.

    As I have said previously, I am overweight PET.
    99% of the investment community would say recklessly so, and I would have to agree. Going from reckless to slightly less reckless does not mean that I would recommend a sell. It just means that, as my insane risk starts to pay off I will withdraw some funds, literally to live on. If I don’t eat until we reach $5 I don’t think I will be in a position to enjoy my success.

    When I bought IMH(PET) shares 15 years ago I believed that they would reach several dollars per share. I still believe so, now even higher. As we are currently at 75c, I believe this constitutes a very strong buy recommendation. The fact that I have taken enormous financial risk to this point and am no longer in a position to buy does not mean that I would not recommend PET as a buy.

    If there is another crazy investor out there who has virtually there entire net worth tied up in this company I would recommend a balanced, gradual plan of re-balancing/profit taking/risk reduction/selling down of your position. Enjoy a little success but for goodness sake don't sell the golden goose.

    If you are a little more sane and have some spare funds, I would recommend a buy as I believe that there is still a very long way to go in the Phoslock story.

    I believe Edshan that you recommended a sell at 20c or there abouts. That would mean that you are no longer a holder, yes.

    Last edited by redram: 01/06/19
 
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