it's just volatility (rant)
in response to
by
posted on
Feb 03, 2014 09:13PM
tf>13 cents has been wiped away since the PP announcement
widen the timeline -- it's just been two days, coupled with all-sectors volatility hopping all over the f'ing map.
fer instance, across my whole portfolio, and it's pretty decently diversified, there's right now a 16.7% spread between 3S and 3R, and the highest I've ever seen it since tracking was 21.3.
(wonder if HSBC and the Russians going into lockdown, or the four London bigshot bankers [at Deutsche Bank, JP Morgan, Swiss Re, and Russell] getting murdered along with the other guy quitting over the weekend had anything to do with it ... the spooks at Equedia seem to think so...)
sharks are out, either hunting for your weak points, or reallocating capital to cover their own.
quit worrying over the day-to-day of one position taken out of context of the macro shifts.
you're fear-mongering (or feeding into it, which is easy) b/c there's nothing good on TV
that we only dipped 4c on miniscule volume should tell you something.
tf> some of us don't like losing money
only lost money if you sold. until you cash in the chips, it's all numbers and paper.
somebody day-trading PTK for pennies, or acting just on bare TA signals like the G&M's analyst barfed up today, is (imo) just plain nutso.
ps -- for anybody throwing around the word "dilution", sure, nobody likes it, and it was pretty ignorant to tear the wind out of the sails, but come cry to me when you suffer a stunt like what NUS did last year without warning (instantly double the outstanding at a crap price anybody?). *then* you can cry about dilution.
so far under the new PTK chaperones (imo), dilution has been (all things considered) more reasonable than not (read: coulda been a whole lot worse).