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Wednesday, April 13, 2011 12:25:24 AM
Congrats Longs! Great profit in this pre-hearing rally. However I want to be realistic rather than becoming greedy. In my opinion, this type of law suit takes time, 4/18 hearing won't produce much and there could be another trial date announced. PPS will take a pull back and find support at $0.0018 ~ $0.002 level. I believe the settlement may come early next year. Not so easy! There are some baseless pumping going on for a $100M compensation package. Just apply brain - this company has mere $3M annual sales so $100M compensation means over 30 years of revenue! I don't know how some guys projecting $100M, that looks completely unrealistic to me. I am smart and making sure I am taking profit from this rally.
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