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S&P 500
5,571.11
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US TECH 100
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0.07%
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growacet

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growacet

Re: None

Sunday, 08/16/2015 9:15:04 PM

Sunday, August 16, 2015 9:15:04 PM

Post# of 346052
I've seen this pattern before....

A stock climbs, gets hit with some bad news....plummets, but then quickly rebounds and then finds a base of support. After that the stock trades basically sideways with some volatility of course, tax loss selling often drops it as a year closes out and then it climbs after the sellers wash and get back in early in the new year.

I've bought in here based on my opinion that PPHM is going to climb back up to the levels it was at before it was hammered by those 3rd party issues on its mid stage trial. Maybe not $5+, but I think $3.50 - $4 is more than attainable before retracing.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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