Re: PTLA passes the puke test
Puke test! I like that! But if you puke at 13 what would happen if it hits 10 or even 5? Projectile vomiting? Thatís just my flippant way of saying this test just doesnít hold water, so to speak.
I personally will wait on next quarter results. If sales tick up substantially then pps will rise accordingly but there will still be opportunity to buy back in if it looks like the uptick will be sustained (albeit ill be buying back in the 20ís probably). Iím willing to wait and see and miss a few dollars profit because I think this will head to 50ís + if the company can get its marketing act together. Iíll forgo the few extra dollars profit to avoid projectile vomiting if sales continue decline.