Trading patterns do not support a further rise in price for the short term, hence my sales in the high 3's of what I had added to my portfolio in the low 3's. The retrace to those levels had triggered a buy signal for me.
Personally, I had expected a run well into the 4's, possibly low 5's.
Current momentum sees further consolidation though, in my opinion.
Next wave not before May/ June, as I see it, for which I will again position myself.
As there is momentarily too much speculation surrounding the stock, it appears overpriced at current levels.
I will await with great interest second half of the year.
PYC Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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