Couldn't agree more NL. The markets move on fear and greed -...

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Toxxxic

2,796 Posts.

08/12/15

10:28

Post #: 16566954
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Originally posted by nine lives ↑

It always has to be one thing or the other on HC doesn't it.....either a stock is the next facebook or it is a fraud and there is nothing in between. When things were going really well for 1PG I made the comment several times that I believe this is a good company that got waaaaaaaay ahead of itself on pure market excitement. I also pointed out the gap in the chart around 2 bucks and also put some perspective on that by saying that even if the gap is filled 1PG will still be a ten bagger from the raise price. There is nothing disgraceful about that. On top of that they managed to get a massive cap raise away while the price was sky high so in the medium term there should be no further dilution. That raise was a very smart move by the company.

If anyone disagrees with my outlook I would suggest you give consideration to XRO. They have become the standard for accounting in the cloud. When they had their own exuberant momentum rise they got to about 43 bucks a share in march 2014. they hit a low this year in that market slump we had around aug/sept of about 12 bucks!!!! They are now sitting the 16 - 17 buck range. This drop does not mean they are a flop or a fraud. XRO are not going away. It just means that the euphoria faded and reality set in. XRO will probably now slowly grind its way upwards and eventually revisit the old highs and perhaps exceed them. I would suggest that it is quite possible that they are following a well worn trail that 1PG will also eventually follow.

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Couldn't agree more NL. The markets move on fear and greed - human emotions. 1PG reminds me a LOT of XRO, a company I've been following for a long time (I'm a kiwi). I think the $2 level represents reasonably value, both technically and fundamentally.

I'm sure a lot of people are thinking the same, based purely off the chart, so I'm sure there will at least be some kind of short term bounce at the very least from those levels.

1PG should go on to back up the hype, but no doubt it got way ahead of itself, and unfortunately for those who bought at the top, it's just the way the market works.

1PG Price at posting: $2.52 Sentiment: None Disclosure: Held
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Couldn't agree more NL. The markets move on fear and greed -...

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