SL's small purchase certainly seemed to be the catalyst to recent moves in the SP.
No doubt time will show if this is just a temporary bump in interest and associated increase in the SP - particularly given just how tight the register is. However, PO3 is certainly a unique - and sometimes frustratingly fickle - stock to hold. Today was interesting though - no one was lining up to offer any shares. And this evening we are left with less than 5K shares worth less than $20K on offer.....in a $113 million company. I've certainly never held a stock similar to this.
IMO where this goes from here will - as always - likely depend on news. An obvious statement, I know. If the broader market continues to rise all should be fine. But any vulnerability around that would quickly translate into a similar pattern we've seen in the past - with SP declining on low volume - and every now and then being hit hard as someone is a rush to exit. The downside of that tight register.
Regardless of the future potential - my view is that trading above $3 certainly seems more commensurate to the underlying value of the tech in its unrealised potential.
And right now I am very happy with my decision to hold onto the vast majority of my shares in PO3 over the last few turbulent months. It wasn't easy seeing it dip below $2 - but I feel very bullish about where this will go anytime within the next few months. And like EMV over the last few sessions - it surely will go.
My only frustration today was that I would have enjoyed hearing from our old mate who has now been banned I think 3 times from HC - given he was warning us of a "free fall below $2.." - but maybe I'm just being nostalgic.
PO3 Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
(20min delay)