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PBI 0.0¢

started taking position.

  1. newry

    850 Posts.

    G'day,

    PBI and SLT are trading purely on sentiment lately, and sentiment lately has been low after the strong rise.

    However sentiment changes and these stocks are clearly on strong rising trends.


    I note that PBI, taking into account options has a market cap of about 12 mill. Now, when sentiment is negative, I'm afraid that however painful you have to take the opportunity to buy. Because on average you will be a mile ahead, as opposed to buying when everyone else is.

    I note placement for PBI was at 34.5. This was above market at the time, and realisticly it's hard to see it going lower.

    SLT I calculate to have strong support at 70.


    All the best.

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