Chart, page-33

First 33 Last

Share
Profile

Follow
bulky

1,393 Posts.

207

10/12/19

11:56

Post #: 41887441
Share

Originally posted by explorer13 ↑

Your frustration is understandable but hold in there IMO as the PPS management are very proactive and putting much good contracts in place with great products. HUB and Netwealth have dropped also, don't forget. People talking BS on Hotcopper don't help by drawing those blinking Bollinger lines and saying PPS will kick etc don't help either, giving false hope. Remember, by the time the Bollinger line appears on the open forum, the smarts have already made the money and then these cavalier traders say "oh..the shares are a buy..". As North East correctly said to me, they just look behind at the last 30 - 60 days. The economy is just dead and that's the reason. Purely. No cash flow. Remember, recently Motley fools recommended a buy. If you look at past history strong buy recommendations come in the sixty cent area. how cavalier - after the fact. then look where we are now. IMO just don't give these Bollinger line people or trader recommendations the time of day. I challenge you to go through the HC posts , then look where we are again this week. Remember, the share price was smashed in June when Brexit and trade wars was all over the news. I made good money instantly in those months and I didn't have to wait for a 60 day average Bollinger line tell me that after the fact.Just follow the economy , make a bit of money when a black swan event happens, but PPS will be fine. I will start trading PPS on these up, down cycles. But I will still hold my stock mostly long term. I will only start shedding PPS when fintech companies come up with a totally different model that makes PPS obsolete or changes in legislation that could kill the product.

Expand

Thanks @explorer13. You're absolutely right. Patience has never been my strong suit when it comes to shares and it has cost me big time over the years. I do think PPS is a good company and has a bright future (ignore my previous post ). I think I'll do what somebody suggested and leave them in the bottom drawer for now.

PPS Price at posting: 49.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply