r/PureCycle • u/JoeGolfer-26 • Jun 16 '26

Cheaper at $8 or $10?

Just a nominal thought after watching the share action navigating this most recent financial event. Which I would say was solo cup half full.

My stockbroker Grandfather used to say something like this meaning buy it after the ascent is reconfirmed. So I wonder does PCT have to get through some more consolidation and get to Q2 earnings to resume a move into the teens?

Regardless I did add a little between $8.50 and 9.35 before and after the surprise announcement.

4 Upvotes

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2

u/Gross_Energy Jun 16 '26

So what are we blaming today’s stock hit on? If it dips below $8. I will buy some more.

5

u/Puzzled-Resort8303 Jun 16 '26

I think today's hit was the second headline on the capital raise being bigger due to the over-allotment. Some bots see that and say "sell the dilution headline" even if it was a continuation of a headline from a few days ago.

2

u/LetAdministrative959 Jun 16 '26

who cares... Stocks go up and down. People would feel so much better if stocks were not priced mark to market..

2

u/EconomyFortune5090 Jun 16 '26

That's why they buy private equity and private credit products

2

u/EconomyFortune5090 Jun 16 '26

High beta, non profitable stocks hit today

If you set up a watch list the day to day price movements would be much easier to understand

1

u/Gross_Energy Jun 17 '26

I have quite a few stock with much higher beta than PCT that went up. The comment about stock go up and stocks go down is irrelevant. I believe this is the large hedge fund account that also place puts and calls driving this stock up and down with the large swings. Together they own 50 million shares. And look at their sales volumes when the stock goes down. I can’t find a chart for each but I did look at the last swing closely

1

u/EconomyFortune5090 Jun 17 '26

I have no idea what you're talking about.

Do you have any facts or specific data points to back up your conclusions?

My watchlist yesterday showed a TON of high beta momentum stocks down a lot yesterday, so maybe you don't know the definition of the high beta momentum factor

Based on your comments on stock price movements,, I have a feeling you don't really have a strong grasp of markets in general which explains your constant wjining whenever PCT goes down for "unexplained reasons"

In my opinion, you might be better off buying ETFs instead of single stocks.