This is topic PPHM in forum Swing Traders at Allstocks.com's Bulletin Board.


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Posted by conrad1924 on :
 
Any thoughts on PPHM? I bought at 2.42, and resistance looks to be right at that amount. Thoughts appreciated. Just found this site on the weekend and really sold on oversold approach. Sharp and direct replies on this message board very refreshing.

 
Posted by TraderTom on :
 
Conrad, I personally don't like the intraday action last Friday - the market as a whole was very bullish, while PPHM dropped 5%. Also, the price pushed to 2.5 twice, just to pull back to 2.4 immediately - looks like the MMs took out buy stops. I'd be worried it'll drop further on Monday (or at least not move up very much).
 


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