Fear is an emotional response and should have no part in an investors decisions. But fear caused this 20% fall and PTX had no reason to fall, hence, it is a market sentiment change.
With The USA markets far overbought - some say in 'bubble' territory and inflation underway so the Fed is looking at interest rate increases, then there is a strong possibility of further market adjustments that will affect almost all share prices - and absolutely no one has a good enough crystal ball to guess what will happen when.
Just as the title of this thread projects a moving possible future SP, it will be just luck if it is right - but just as a a broken clock is right once per day there is a possibility that in the future PTX might grow 10 times in 12 months.
Therefore, as long as long as your investment in PTX is not based on debt and you have no immediate need for the asset value - you have no need for income support and are confident that the fundamentals will remain for several years - then fear should not drive your decisions. But if you are close to a margin call, fear should be used to exit fast.
The fact that IMU fell far further than PTX should give you some comfort (but only if you do not hold IMU)
When world markets have these corrections, and some of 35%+, they always happen far faster then the bull market that caused the rise. Most last far less than a year and the generalized commentary is that the USA will be flat for the calendar year with a low patch in the first half.
Hang on if you can.
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4.3¢ |
Change
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Mkt cap ! $34.62M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 249700 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 99540 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 249700 | 0.043 |
3 | 145000 | 0.042 |
6 | 477461 | 0.041 |
7 | 247800 | 0.040 |
3 | 130000 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 99540 | 2 |
0.047 | 18686 | 2 |
0.048 | 200000 | 1 |
0.049 | 194091 | 3 |
0.050 | 427445 | 9 |
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