Tough few weeks. Keep the faith.
posted on
Apr 16, 2021 06:15PM
Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers
So from a guy who is skeptical by nature and jaded by history...
First to Youngerguy1... it's incredibly discouraging when others are either gloating about their alleged buy/sell timing or working hard to discourage valuable discussion. Even as a more "seasoned" investor, it still affects me too, probably more than I'm willing to admit.
I wish I could tell you it diminishes over time, but sadly that type of activity is (and likely always will be) part of investor forums; what does change, however, is your personal ability to more quickly identify suspect motives versus legitimate queries. It seems like you're already developing your investor's thick skin, so well done to you, and keep doing your DD and your investing. Being a young investor is a game changer, so keep pressing forward and use these times to grow your financial literacy even further.
To everyone else... while in a vaccum it can feel like PYR's share price retracement is an isolated PYR issue, in actuality the markets are all over the map at the moment, but with clear pain points in certain sectors, with small and micro caps, renewables, battery tech, biotech, high tech, healthcare companies, and junior miners, among others, all experiencing sharp declines. Money is rotating around, the market is indecisive where it should land as COVID waves vary, inflation threatens, and economic stimulus uncertainty continues, resulting in some long-ignored "stable" stocks being sought as safe havens, at least temporarily.
The examples are many, but as an example:
And so on.
So while I'm currently "down" (at least from February's peak) an amount equivalent to a couple of full yearly salaries, the reality is it's not much better in other stocks, at least not the ones I'm comfortable with or informed about.
The upside of course is that PYR has entered commercialization stage, with legitimate interest from various directions, a large book of business, and significant cash on hand.
I'll allow that the wait for contract news has been exceedingly frustrating at times, given initial reports about negotiations, suggested potential order size, anticipated timelines, and my own personal projections and hopes; and as a result of these long lapses the share price manipulators have clearly taken full advantage of the window. Hopefully, as more contract opportunities begin to overlap, the windows will be tighter or non-existent and ladder selling will not be able to take hold.
So a much deserved "well done" to everyone who has made it this far, even through the painful decline, both inside and outside PYR, and a reminder not to forget the achievements already reached, nor the ones right on the horizon. It's been a heck of a year with a long list of achievements.
Finally, there's an old adage (admittedly cheesy, but entirely factual, oddly) that the waters are roughest closer to the shore, as the energy from the true giant waves beneath the deep sea is pushing back against the shallow water imposter that only pretends it's fierce and daunting. The choppiness is scary when you leave the shore, but welcoming as a sign you are arriving back home after a long journey. Or something like that.
Suffice it to say PYR has been at sea for years, and the current choppy share price waters are part of the arrival process, not the "just getting started" part.
Stay safe this weekend. On Monday the road back to $12 continues.