First, I also believe more news is to come. That is based only on my intuition and experience with PNLK and its management.
Second, I wanted to share a trading strategy that was given to me that is now applicable with PNLK. When significant news is released (as happened today), and if you missed buying immediately before, watch the stock during the day. If it pulls back from its highs, watch for stability, and then buy in before the end of the day. This is based on the fact that many day-traders and pseudo-day-traders bought in a little high, and in seeing the pull-back, sold in mass. While the real value without day-traders would have been, for example, $1.20, the avalanche effect drove the stock to $1. Most of the day-traders, always watching their investments, have sold out already. Many, seeing value, will buy back in tomorrow. Now, the true balance of buy vs. sell based on this very positive news will increase the share price. Another factor working for this theory is that some did not see the news or appreciate its significance during trading hours today. You can usually count on 2 days post-news to bring in new and excited investors. |
