Fortunately the ones orchestrating those P&D's are long gone. And the stock seems to be reacting to actual fundamental shifts in the company.
I have a different view around potential traders being trapped in the P&D's... I don't think there will be many.
If people bought at the peak of the pumps ($0.15 - $0.20) very few would sit there and watch the stock go back to $0.08 without selling and moving on. If they didn't sell, they are brave.
Similar scenario with the second P&D. I can't see any trader / investor siting there from Feb - July on enormous losses when a P&D clearly happened a few months prior. Unless very inexperienced.
This is the longest the stock has ever traded in the $0.12 - $0.14 (previous sell zone) range. Accompanied by the highest volume in the stocks history in this range.
To me it looks like the sellers are getting thin. If it cracks above $0.14 on volume then i think some may be surprised at the little resistance PEH has to high prices.
IMO of course.
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Last
7.0¢ |
Change
0.002(2.94%) |
Mkt cap ! $99.87M |
Open | High | Low | Value | Volume |
6.7¢ | 7.0¢ | 6.7¢ | $85.00K | 1.237M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 72246 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 150006 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 72246 | 0.069 |
1 | 15000 | 0.067 |
1 | 8162 | 0.065 |
1 | 100000 | 0.063 |
2 | 350000 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 50006 | 1 |
0.072 | 244545 | 3 |
0.074 | 160000 | 2 |
0.078 | 348403 | 2 |
0.080 | 172153 | 3 |
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