Re: some thing tells me
in response to
by
posted on
Sep 27, 2013 11:21AM
Let me give you an example. I know of a large PTK shareholder that needed cash about a month ago. I advised against selling as it was the bottom of the chart and reminded him about the upcoming milestones that would provde a better exit point. It was a lot of hard work convincing him to hold off but he did. Not only that he committed to holding on longer than the next milestones as I was able to show him the bigger picture. He was able to arrange his cash needs through other means but just barely.
Not everyone can hang on forever. That is why this is a waiting game. There's a lot of psychology operating here as well. People tend to sell in the face of uncertainty and ambiguity and this company provides plenty of that. The other issue is very few people actually understand the tech here. That adds to an investor's uncertainty.
Buy when the fear is high.