IMO
A PERSPECTIVE - Volumn from 02 July, to date:
07/02 - 60.0 million
07/06 - 10.8
07/07 - 9.1
07/08 - 8.0
07/09 - 6.2
07/10 - 2.6
Float is 213 million, daily average volumn = 2.8 M
about 1/2 the float have traded since D day (1 July, after close),
volumn is presently back to average. 1/2 shares held at 30ish, and 1/2 shares held at 16ish. every 10/15% rise the price will cause fast money selling, getting their 15% and OUT.IMO fair value for PMTC is 25. 25-16= 9, 9 points represents 3 resistance levels (where fast money will take their 10/15% and run). Those people wishing to sell from D-day are pretty much done.
long term holders have at least 6 months to hold to see 25, every 3 point raise will cause a period of consolidation ( fast money out, investor money in).
Now , to some 6 months seems a long time and sell at resistance levels, investors will see a 50% increase for 1/2 a year.
each of us have that choice, fast or invest.
Opinions welcome !!!!!!! |
