I will hazard a guess on the bottoming with a "no holding" "no sentiment" open look.
My answer is no.
Sorry to all, but this stock is an insto shorters paradise.
With infinite access to borrowed to short stock there is no sensible way to determine whether a bottom has occurred.
Sadly instos don't really care to much whether they make money on every trade they do, they just want to beat an index.
So they will throw $ on a strategy to do it - come what may.
They still get paid, the blissfully unaware fund holders are the only at risk party, and should it turn - well its the markets fault time to close out and wait for the next "event".
The problem for pdn is the next event happens regulary every few months.
To bottom out an event needs to occur sufficiently large enough for instos to recognise value.
Not sure when this will happen, but I hope all LT retail holders of PDN get one soon.
PDN Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held
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