Painted Pony Pete Ltd PDPYF

RE:Stops taken out. Whipsawed.

[dalerules88]

I don't think this is panic selling. They took out the stop losses and last few nervous nellies are gonna be shaken out next two or three days, I'm guessing., but there's no big sellers anymore - most of the trades are houses to themselves; very few new shares available for sale, from what I can see. We've been base building for a while, this morning was purposely driven down so low to take the larger stop loss positions out. It took over half a million shares to dig them all out. They'll keep the price down for a while I think (I hope), while accumulation happens, IMO. Would not be surprised if we did not move than 50 cents to the upside over the next three months. From the chart it looks like IF there is another down to be had, it won't be for a few weeks. I personally think this morning was the final nail in the weak hand coffin. I'm lurking around for 2nd third of my position at these prices. Pony, Bir, AAV... might wait a bit for Pey - I think the DOW rattle moved some money into PEY but I'm not sure shorts are done with that one yet. If we have a weak report on Thursday, PEY might get hit again, if overall market stabilizes. Anything below ten bucks for Pey is a bargain, economically speaking, and probably a tripple on the next run. But I digress. I agree with TonyDJ on Pony - accumulation.. or at least short covering..