Sixty cent PP tough sell Not sure who or why anyone would be interested in overpaying to that degree. This stock has lost all interest and may be scary holding as we approach the "Sell in May" period and the weak summer months to follow. I know it seems outlandish to think the gap to twenty something might be reached which coincides with the 200 MDA level but.....many would have doubted INT would fill in the gap after it hit $3.35. But it did, she went back down to 30 cents. Started it's decent around this same time of the year.
Sixty cent PP will be cancelled is my bet which is no big deal but a news vaccum throughout the summer is. I thought 35 cents was a good hold but have changed my target due to market conditions and time of year.
Good luck to the longs, hope I'm wrong.