news, PBG opened at 79c this morning, went all the way down to 75.5, yet came back and closed at 79c today.Over 7 million shares were traded on the day. Today was a down day in the XAO and XJO and the news was not bullish, yet PBG stood up on its own. Doesn't it tell us something?
Like dwjd, I have a large holding which I pyramided because I called it right and it went exactly as I thought it would.Ofcourse I had my doubts in between but I stick to the charts and I am glad it worked out.I am taking up my allocation, knowing I am paying below market price for it. Of course I can sell my existing holding and play it safe by realisng my profit now and yet still have unrealised profit out of my new holding.Then I realise that, it is not very often that things turned out to be better than what we expected, with so many doubters on the way, professional or otherwise. As sentiment and opinion have changed to the positive side now, I am not going to take the opposite view. Like they say, I will ride the trend, till it bends.
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