PTL : No buy zone applies
March 15, 2011 Leave a comment
After last year’s ramp of mega proportions we have been exceptionally wary of the stock, and suggest prudent risk management here – which for us means it is a stock we will not trade. There are plenty of others, and due to huge price resistance and the obvious involvement of a heavy hitting syndicate of market makers, the best thing to do is avoid temptation and look elsewhere.
We suspect the plan is to try and entice enough fresh cash in to it to allow the ‘clever money’ to exit. No buy zone applies.