Pluristem Therapeutics Inc (PSTI)

[hopester]

Anything is possible with good news.

For now the px action Thursday suggests a consolidation of the huge gain made on Wednesday followed by another leg up.
What I don't want to see is a filling of the gap open it started with but rather a test of the px it opened to, a hold, and some more accumulation before the next leg up.

The stock is extremely sensitive to news and news can move the stock in extreme directions one way or the other.
The only way to tell what's coming with some degree of conviction is to watch the trading behavior of the next week or so.

What I don't like is the EXTREME Optimism that was shown on this board yesterday. When that shows up, it implies a short term top.
So wait and watch, hope the trading backs and fills above the px it gapped to, and doesn't go below it.
It's a technical view because there's nothing else to go on except the strong "BELIEF" that good news awaits us.
I called $7.00 by April a couple of months ago. That came to pass. I called $9.00 by May and I believe that to be coming.
If there is good news announced my target will be meaningless and this could sky upwards.