Replies to post #302 on Mainely Stocks

[ari5000]

PDLI:


strong movement above 20 day and 50 day MA is quite strong -- this is obviously being accumulated.

Big 13% short interest probably helping with a little squeeze. I once traded this last year.

With my basic chart strategy, you'd wait until PDLI bounces back down to its 20 day MA, by the time it corrects, the 20 day MA will likely be sloping up.

PDLI is one of those value names with some kind of issue -- I forgot the whole story but with the high short int., there's obviously some skeletons in the closet.

Reflation trade appears to be on, at least for this week.