Today I am back in! The price is at a level that fits my personal risk tolerance. I am looking forward to the next leg up. On another note I think a few posters are in need of a Xmas break. Some of the comments on this forum I would expect from individuals who are first time investors or those as if PET is their own child. If you have been in from the beginning and have cleaned up then sit back (better still go on a holiday) and chill its not your job to sell the company the share price will appreciate with time as the company pulls in more revenue and it begins to record significant profits. I can list a dozen company with explosive growth profiles that have retreated over the last few months as the market appears to have shifted from a growth focus to a value focus. We need to remember that people will buy and sell stock for many reasons and just because they do not follow your personal investment pathway does not make them unusual or wrong! For me Shorter's also serve a purpose and in a way keep the market in check (not that the short numbers for PET have been significant). They also provide an opportunity to either get in or top up in companies that fit my investment profile. In the time that I got out a few months ago (around 1.30) until now I am sure other people have also sold out made money elsewhere and returned or are waiting to return. It did not mean I did not believe in the company it was about preserving a profit since that's why I am in the market. If I had listened to some of the noise then I would be sitting on a significant loss and missed other opportunities. For me the warning signs were there and I didn't feel comfortable at 1.30 because too many people started spruiking the share (have been bitten before), it had come off its high and was bouncing around. So as I mentioned previously I took a small profit and said I would be back when I was comfortable. Now the share may still go down but I am in 50% of my previous volume and will top up if it does. If not I will look to add along the way as money hits the companies bottom line. Please note this is just my two cents. Good luck to those invested. DYOR
PET Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held
(20min delay)