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Author Topic: PPHM
conrad1924
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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.

Posts: 15 | From: Maine | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
TraderTom
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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).
Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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