Back in February, relative to PPT selling, I posted:
"My observations of PPT over the past several years is that for any stock they want to exit/reduce they issue a sell order to their broker "at best". (after all it's not their money!!)
The trick is not to be swayed by their fire-sale selling, but more importantly just sit on the bid - their broker will give you a gift eventually.
Sad fact is that the PPT operating style is so obvious it is criminal (if you have funds with them)."
For those that were brave enough to hold and/or buy in the face of the PPT selling, well done. Based on the latest guidance I feel there is room for the s.p. to get back to around the $2 level.
MCP Price at posting:
$1.09 Sentiment: None Disclosure: Held
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