Oct. 3 at 8:00 PM
$PGY Even though this action is beyond my feeble analysis of the reasoning, it is what it is. A ton of investors have made a ton of money on
$PGY this year, me included, but I don't see a clear turning point in the current price action. It is quite possible it has little to do with the future performance of the company, and more to do with understandable profit taking. Even the venture firms that backed it are likely continuing to skim big money profits. Bottom line, whether I believe in the Company or not, on a risk/reward basis in the near term, and given the markets general nervousness regarding valuations, I may move on next week unless a compelling reason pops up. There are also other investments with good prospects to put my money. I still like the stock, but it has strained my investment goals. I hate dead money and not really knowing if that is what I have. Extreme volatility can cause ulcers.
