Pir 10 cents-$5 since march

Discussion in 'Stocks' started by jnorty, Oct 12, 2009.

  1. jnorty


    wow a 50 bagger. almost back to were it was in 2007 when business was booming. i'm assuming if it hit 10 cents it was near bankruptcy.. don't see how it went from near bankruptcy to prices of 2007 when business was off the charts in 7 months. shows you how much speculations in market
  2. NoDoji


    PIR beat earnings last month and the CEO was very positive about their future outlook. They traded in the $8's back in 2007 when their negative earnings were 3 times worse than their projected 2010 numbers. After their stock price broke out of consolidation in the 2.50's last month, insiders snapped up shares well into the $3's.

    They also have a pretty high short interest which adds fuel to any bump in share price.