Most of the PEN holders on this forum are holding until it hits...

Most of the PEN holders on this forum are holding until it hits the big time. This short-medium term fall probably won't affect the long term prospects of PEN. I don't believe they will go bust, but with world markets in freefall they will obviously take a beating. Should be a market bounce/short covering in the next couple days which may provide a better exit, but past that I'm afraid it is headed south.

While I do feel for the PEN faithful I believe there are some lessons to be learned. Mainly FA isn't everything (in the short term at least). Also, a stock's performance is affected by the overall market. Finally, be open to ideas to the contrary of your own, even those that are painful (yes I'm talking about the beating Chalea got after posting the bleak chart). Oh, one more, the trend is your friend. Don't fight it.

Disclosure: Sold a week ago at 3.7-3.8, thanks for the heads up Chalea. May buy back later.