just topped up some green tea between strawberry jam and vanilla ice cream today. Look to me people are consolidating their position right now ( buy in low and sell out some of their high price purchasing beforehand) and to average out price/unit, and in turn,causing the price to be stagnant.
guess until they update 'how bad is the contract manufacturing business', price will be at this range.If it goes lower, it will be catched by mr chairman. Go higher, and will be tossed down by any surprise bad news.
I could be wrong but I rather stay at this price range (inevitably) and hope this is the worst bill that already price in from PGH. If it goes lower, then will be a long long consolidation (wait for bottom price) and slowly buy overtime for me.
PGH Price at posting:
$3.05 Sentiment: Hold Disclosure: Held
