the bad news first.
since we have about 8 weeks till the end of the year, and, most
folks have profits on other stocks..
lots of sellers will sell for tax loss and offset against their
profits.
so we should see a deteriation of price on prln till january
first..
the good news.. suppose all the sellers really sold by now?
suppose the sellers, the unhappy, the stock adjustment folks,
all have done their thing for the year?
then the stock should stay at 25 cents , give or take six cents, or
the difference between the bid and ask price..25 to 28 cents area
but, if we see 130 thousand shares and the stock actually holds..
then, we got to look for more over 100 thousand share days
and watch the stock price.
stock should not rise to 3/8 or 37 cents.but, if it
does, then it suggest that someone is buying and is offsetting the
sellers for tax purposes.
maybe a clue on friday???
should drop on friday, but if it does not? may be interesting |
