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They don't have much patience, eh? Probably the same people who chased it up to 39.5 a couple weeks ago....re third quarter results, PLT put them out last year on April 12, I'll be watching for them a few days on either side of that. Here's my theory--since it's fairly clear that results will continue to be positive, PLT will trade up in the week prior. I'll have orders in to sell a quarter of position at .39, another quarter at .43. If the results look great, we'll see 50 cents this time the day after the release, with big intra-day movement. It won't hold, IMO, and I'll consider selling another quarter position. Mind you, I called it wrong this last time by picking .33 as the floor and re-loading on Wednesday last, now I'm thinking about putting in an order for .31, although I just shot the wad on BSR....hang in there, and if you can, pick up a few more.... |
