If there is anyone on HC that actually believes in "down rampers" and the ability of the mythical "down rampers" to actually affect the price of a stock - you should rethink your investing parameters. You may as well talk about pixies.
I am always amazed at how people overlook the mathematics.
When you buy it is all about how many shares (numbers) and getting them as cheaply as possible (numbers). Once purchased it is all about percentage gain (numbers).
And then something very weird seems to happen. That very same purchaser loses all focus on the numbers and starts to rely on faith and then there's this very strong emotional commitment.
Meanwhile, the numbers are screaming all sorts of warnings and they sit there with their fingers in their ears singing la, la, la, la.
And as for the silly downramp argument - I have absolutely no interest in buying PIO - none - zero. I bought it six or seven times as it was rising. From memory my longest hold was about 4 days. I made some reasonable dollars. Took profits when they were there. Used the profits to fund my family's next trip to Paris (love that place). Easy.
Your money - your decisions. If you are relatively new to this - short-circuit the usual learning curve and always look at the numbers. If you spent large parts of your weekend worrying about might what happen to the SP today - that in itself is a very loud message.
Good luck to you.
PIO Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
