Originally posted by moosey
It took me a heap of gut wrenching decision making, to make me think this was a good buy about 6 to 8 months ago at 1.6 ( perhaps it was even a bit longer?), I bought a heap, I didn't have any real idea what was coming, it was really just a leap of faith that all would be right!
I had been in POH for quite a few years and saw something that I really liked right from the start, but it seemed as if at every turn we were doomed , not so much by the technology but by what others were doing to us?
No one can tell me that today's action was just day traders, I took my time to come to my decision to buy! without the benefit of any knowledge of what was happening with the exception of what Hottod had produced, and even then it was hard.
There was just way too much action for that today IMHO, something is coming? I believe and for once I reckon I just might be on the right side of things? I have never doubted that POH have a technology that can help in the Pharma market, other companies saw that too, I reckon? and tried to steal something that wasn't theirs, I really hope their day of reckoning is upon them!
Please lets see some justice here!
Moosey, seems to me that the possible reasons for today's price and volume action could be:
1) leaky ship
2) day traders
3) longer term holders wanting to get set before the award is announced
And it could be any combination of the above.
I don't think option 1 fits the facts very well, it could only be the case if the payout was small (otherwise why not keep buying everything up until you no longer make a profit on it) and why stop buying (early morning trades were settled at 3.3 but then dropped back to 2.8 which doesn't make sense if you know what the payout is but makes a lot more sense if it is traders and they have an eye on the US pre-market data which turned south during our session).
So, I think most likely a combination of 2 & 3 but not sure of split between those options. I thought the Chi-X volume would be non retail (but don't know that for a fact - just impression I got from other posts on HC).
If you have held POH for some time, then I understand how hard that decision to buy in at 1.6 would have been. I also have been a shareholder in POH for a long time (coming up to 14 years) so there have been a lot of disappointments along the way. Notwithstanding that, I have been buying more recently between Nov last year and a couple of days ago at an average of close to 2c. While there are no guarantees in life, it does look like the current management are competent and maybe POH has turned a corner. If the case is successful and POH are awarded pretty much anything
(US $30M would be a game changer for POH) then it will be worth it. Lets hope we are both on the right side of things this time (I have no way of knowing - it just seems like a reasonable risk - reward scenario at present).
(20min delay)
