There seems to be a good deal of frustration at the moment over POHs current price and lack of momentum in spite of all of the significant accomplishments of the company over the last few months. I have a few thoughts on the subject and thought I would share them with the group. So, with that being said I will list some of the factors that seem to be weighing on the price at the moment.
1) Over all markets- they are all pulling back right now and a lot of people are worried that the markets may have started to roll over into another bear market. My personal belief is that this is a natural pullback within an overall bull market, we shall see.
2) Risk appetite- money is still running scared and overall globally is still pulling out of risk and seeking safety. This means that all this good news for POH is falling on deaf ears to some degree. Eventually this will come around but who knows when.
3) Australian Markets- Global money is shying away from Aussie Markets right now because of Gillard/Labor govt and uncertainty regarding future. Carbon Tax, Mining Tax etc, new example this week with animal export bans. They are just not business friendly and everyone knows it. Not only that but to stay on the track they are on with everything else that is going on in the world shows just how dumb they are. Seems they are determined to kill the economy, at least that is the perception of many that I talk with from other parts of the world.
So, just wanted to share some ideas (certainly not a comprehensive list) of some issues affecting things at the moment that have nothing to do with the company. These issues and some of the other are creating some pretty strong headwinds at the moment POH and a lot of other companies as well.
These things are certainly frustrating and at times disheartening but they will eventually pass then our great company will get the attention it so richly deserves.
In short, its a crappy market feeding off of a bad news cycle at the moment so we will just have to grin and bear it until things come around. Good news is that its a great time to accumulate some more and build the position, this is what I am doing. Patience and keep the faith, and most importantly let the company continue to do its thing and develop great products and a great company, the market will eventually catch up. These are the times that test our mettle as investors and traders.
Best to all, L4JG
POH Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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