Did you miss all the announcements BTW $1 and $4.30? Signing...

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jbourk

160 Posts.

28/08/15

20:39

Post #: 15897017
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Originally posted by cocokat ↑

I will stick my neck and and call today a top for the next 12 to 24 months. There seem to be only two possibilities here. The first that I'm totally wrong and the sp keeps rising to who knows where. If that plays out then I would expect some serious insider trading charges as the sp has smoked from $1.00 to $4.00 on no news that would have sparked that sort of appreciation. The second is I am correct and the sp depreciates to somewhere that reflects 1 pge's true value but if the 2nd scenario is the correct one the sp will no doubt overshoot to the downside and become quite ugly. If I held this one I would hope that i would have the good sense to sell 3/4 and hold 1/4 but once you've got the rose colored goggles on it's very hard to remain objective. There have been a few times when I should have taken the advice of non holders as they can at times look at a stock without the emotion that we get when a few K is on the line. Good luck to all.

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Did you miss all the announcements BTW $1 and $4.30? Signing Amazon, two Fortune 50 companies? Former executive of $37b MC coy?

It'd be interesting to know why you think this has topped...is there a technical indicator? Nope. Buying has been strong and there is little evidence of supply to stop prices going higher in the short term.

Has there been a fundamental change in the company's outlook? Nope.

As already mentioned, on a P/E valuation this is looking frothy, but given the company's credentials (silicon valley, board) there is good reason to believe that the people/institutions sucking up the stock are looking further ahead than you or I.

Of course, you might be right, but it seems that would just be due to luck, more than anything else.

Follow the $

1PG Price at posting: $4.30 Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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Did you miss all the announcements BTW $1 and $4.30? Signing...

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