about today, page-18

PBG was the best performer last week on the back of a 15% rise according to Alan Kholer's sunday, business news.drummnutt's analysis is way out of date as he openly admitted. I am not here to convince people to buy or sell. I thought the balance sheet of PBG is as strong now than as it was when the share was capitalised to about $3 billion and the SP was $3 each.
PBG's "fixed assets" are all intangibles "patents" which they paid for and finance by the bank. If anything the financing should have been more on a long term basis then on a periodic half yearly repayment.The recent capital raising has strength the balance sheet and also at the same time brings down its loan ratio.
I have no problem with the shares being "shorted" as these people called it as they see it.
Iam one of those that got in early and instead of jumping out like drummnutt, I let the charts guided me when it broke out of 40c. Yes instead of getting out I bought more because I am comfortable with it.I am riding the trend which direction is NNE. Is it time to get out now?It is not according to my charts, as yesterday's and today's doji indicate that it is very likely to reverse from here.
The shares have been diluted, yes I agreed, but the balance sheet and the fundamentals are stronger now than it ever was before, namely, the loan ratio has been reduced and the cost of production has gone way down. With the strengthening of the ozzie $, it is another PLUS for PBG.It's only my 2c worth and I back it with my money. If drummnutt is that smart, he could have got off anytinme after 36c and made a much bigger profit. His dead certainty cost him quite a bit of money and he is also giving free advice now.I am less certain, but I let the chart and the volume guide me.
This is only my point of view and my intention is neither to persuade anyone to buy, hold or sell. Strictly according to TA, it is not time to sell yet. If, anything, the risk is on the upside and with a stop loss in place, this one is worth looking at as a short term trade.The reason, PBG is back on the support level, now.So anyone, with the intention of trading, it is best to do your own research or better still consult your own financial adviser as to your situation unless you are a professional trader, you will back your own judgement.