PLFM...breaking out on todays news...TA below...Skane
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Today was a breakout day; the stock consolidated its recent gains
in a sideways pattern as opposed to retracing part of its prior up
leg.
This signifies accumulation, i.e. there's a floor at which price
strong holders are willing to pay. Today the stock took out it's .77
closing high on VOLUME (1.something million shares). The TA
types like me look for price action like today. Further, neither Dow
Jones, Reuters, nor Bloomberg, to my knowledge, carried any
The rest of the world will find out in due time, maybe tomorrow,
maybe a day or two from now..but for the time being all the street
knows is that the stock broke out on volume and it's buy now, find
out later. A variation of "buy the rumor, sell the news".
Keep the faith, once a trend begins go with it. It is your friend.
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