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Tuesday, September 11, 2012 9:57:31 AM
the 20 day moving average: $2.86
the daily pivot price: $2.43
The stock price has gotten ahead of itself; it's in the process of consolidating at lower prices so it can advance. I'm not saying that the PPHM share price will fall to the 20 SMA (though it could if the market sells off). If the price continues to hold in the mid 3's, the 20 day will rise.
I know these sell offs are not what we like to see. BUT, believe me: it's better than going parabolic without a sufficient catalyst. Some got in this stock because of that Sierra character touting an announcement of Roche being announced as a partner yesterday. Didn't happen. Those people are probably leaving.
Sean
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