August 31, 2011

PANL Huge 100% rally, and then what?

After a huge 100% gain in the last weeks, I thought the price might collapse again, so I took a short position.

Things weren't developing clearly, so I exited while in positive territory with 1.5% profit in 3 days. I still think PANL is way overbought, so will watch for signs of a definate collapse. There is a lot of hype out there around this stock, and the Vice President sold $750K of stock yesterday, so it could still happen.


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