I am of the view the buyer at 34 will pull their bid at the open of trade to try suck some sellers loose following the Dow drop Friday evening
I am also of the view the buyer wants a lot more than that amount 5 or 6 times the 500 k they bid for on Friday ( i.e. 5% )
If I am right the buyer will pull and return when the market is at its most vulnerable as they did last week , and it worked they got quite a few weak sellers in the afternoon
PGC Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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