NEWS, you see PBG as a time to take profit, I see it the other way.The chart on PBG is extremely bullish. That's what makes a market. PBG is merely playing catch up, and we cannot take the RSI on its own.There will be some that would have sold on the market before taking up their rights.I think our little disagreement will be quickly resolve in a couple of weeks, when the rights offer have been send out and the acceptance been received. THe percentage of rights taken up will be a good indication of how PBG is viewed by its existing shareholders.
A share that was going nowhere but went up after the rights was closed is OST. PBG's chart till now is even stronger than OST, so I am bullish on PBG. I happened to have bought into OST just before the rights issue was offfered.
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