Prana Biotechnology (PRAN)

[sumotrader]

If this were a US company we would have multiple PR's about class action lawsuits but I guess the Australians are a little less litigious.

News of class action against a company has in many cases lifted the PPS by 30% or more so who knows what happens here.

I dumped pre-market when I saw PBT (PRAN) on the Australian stock exchange was down 6%. Pretty simple math.

Momentum is down, bid support is weak so loading is very risky IMO.

Sumo