PowerTel is attracting a bit of attention at the moment (voted Best Performing for the week MyShareTrading.com and Deutsche Bank coverage) but most will be buying with a view to a longer term. Over the last two weeks it has been evident that holders like myself are very reluctant to sell and hence the rapid sp increase with relatively low volume. I bought in before the recent ascent and plan to be onboard for some considerable growth which may take time.
I should also point out that the UBS rating and target of $1.70 (that I referred to in my last post) was made prior to the AAPT alliance and buy-back announcements. Even conservatively, imo a target of $2+ would now be more realistic.
PWT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
