Re: Confirmation Bias
in response to
by
posted on
Aug 18, 2023 05:16AM
Actually, I thought the implied difference between those who are positive (because we stay focused on business and tech progress?), and those who want management to make someone(?) 'pay' (we all know who the favorite someone is!!) for errors and a low stock price is that the former don't own very much poet stock at all. I rechecked my portfolio and 'phew' it's all still there, CAI's sombre explanation to the contrary.
There have been so many efforts made by management to tell the world what they have, video after video, post after post, interviews etc, and the genuine content of such certainly has the tech savvy excited. How could management not think that some of that would move the stock price? My opinion is that they really thought such content would do it. It's been a disagreeable surprise to me that they haven't. Perhaps it is a timing thing, where the truly knowledgeable realize profits are still a ways out.
The stock is so thinly traded that manipulators can do a great deal, so someone, even someone who posts here, can readily do so. It is bullish to me that large volume takes the price up.
Some are angry that management's positive and glowing announcements in years past had them so bullish that they loaded up at a higher price than today. Well, I loaded up too. I also remember those same voices demanding management promote the stock more, explain better to the world what we had. So which is it? Should they have downplayed things? Told us not to buy? Explained this was going to take way longer? Wouldn't stock holders have been furious with them if they'd done that?
I am holding for the tech, and Suresh and team have worked on picking up the big shiny rocks versus pebbles, like the AI rock, which years ago I didn't even know was in our future. If they pull off the business side of things, and so far I applaud their management of that, then the rest will follow.
If they hadn't been a tiny public company, then I would not have this chance to own and profit. Instead I'd be waiting in the wings for some private company to go public with most of the gains already achieved and going to the big boys with the big money. With the large amount of options that management has, I trust their future hopes are aligned with mine.