Re: FIDELITY .17 x .179 LOOKING BETTER-My take
posted on
Feb 26, 2009 02:05PM
"Let's be realistic about the fact that it doesn't really matter where the PPS sits if there is not sufficient volume so that we can take advantage of it."
I'm not going to go tit for tat but I will take exception with that point. The pps is rather important in my eyes right now, regardless of the volume in this special situation stock and that is because we all know there will be some very significcant news over the next few months that will likely attract new investors, bringing a rising pps with volume.
Few, if any, long term investors are looking to exit at these levels after waiting 9 years. When you see those 2 million and 5 million share days, in sequence then you will be witnessing the beginning of new blood replacing the old guard.
Would you rather have new investors entering in at .10, .17 or .25 when those million share days begin? The higher the launching pad the higher we go.
The reason low volume right now is inconsequential is that I can't imagine anyone who has been here this long looking to get out at these levels.
If we weren't expecting significant news shortly then I would not have this same perspective.