GREY:PEYTF - Post by User
Comment by
petersterncanon Jul 31, 2014 7:43pm
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Post# 22800601
RE:Looks like a double bottom.
RE:Looks like a double bottom.
With Argentina defaulting on their debt again today, today MIGHT be the bottom.
I think the fear is that this might snowball into yet another debt crisis.
And PLT does have a decent amount of debt... so the cost of financing and credit availablity matters to PLT.
I consider this to be a buying opportunity for anyone who has the backbone to ride out the volatility.