Good morning everyone.
For those retail investors who are concerned about the current pullback, it is at times like this that you should focus on the company fundamentals and not the correction / pullback.
No stock continues to go straight up; it is impossible and corrections are normal activity. Corrections in the region 25% - 30% are sometimes inevitable and are necessary to reset a solid new baseline.
That is all that is happening and the process is likely exaggerated by stop loss orders being triggered.
We should see the new baseline established very soon (I anticipate by end of trading today we will be consolidated and ready for the rest of the week to hopefully start moving back in upward momentum)
In addition the stock will then be consolidated and primed for the next round of NR's and the run will re-start from a new baseline.
From a company fundamentals perspective, PTK is in excellent condition :-
Strong balance sheet.
Several NR's anticipated over the coming weeks (MS8 + Peelegrino II ++)
Empire Club on Monday.
PTK is a solid investment; close your eyes + emotions to the inevitable bumps and dips.
ST