PBG 0.00% $1.15 pacific brands limited

when 80c = $1.20, page-40

  1. 11,024 Posts.
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    You are right, I have not gone to the extend of doing the arithmetic on this one.$1.60 is the major resistant level after this recent break out according to my reading of the chart and I have not set a date line.So you recond 85c is the top value, according to your calculation. Well I have bought additional shares at .835c, so we will let the market decide what is the right price, instead of a preconceived price that you have set.I have bought some at your level, but I have sold at 80c but bought more at 60c and more on the way up.I have also sold at .855c. I admit that was a mistake, so I did a u-turn, that's the reason, I bought more at .835c.I don't tell the market what price it should be, merely let the market tell me.If it takes one year to reach that, it is still a good deal, by me.I do not know what the intrinsic value of PBG, I am merely riding the trend.There is no certainty, jsut guess wotk, matey.
 
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