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More selling at PNCL, people want out. I expect another wave of sellers, which will bring the stock down to its previous level st $0.75, I expect the Q report to be very negative, and I also do not believe that they have found investors to bail them out, all they did, as usual, was to buy more time. Believe it or not, even at $0.90 it is still a good exit point, and some people will give up and get out. The only players are the speculators (gamblers) and the people that think they can not loose any more than they already did. well, guess what, If the latter ones get out, the volume will be on the bid side, and with a lack of insiders, who believe in the stock (and there were none in the last rally), it will drive PNCL down. At these low levels the risk is very high. you might as well play options if you play PNCL. at least you will know sooner if you win or loose. |
