Bought PBG because it was in the Retailing sector which was underperforming the XAO in August 2007. PBG was also the most underperforming security in the ASX500 Retailing Sector with an RSC reading of -7.5%.
ASX 500 Retailing sector usually performs well in September and October with a 92% win rate and a 19% return for the month of September.
Also PBG was on the support line of $2.90
I would expect a profit target of $3.35 in the next 2 months.
Bought today at $2.96. Stop loss at $2.79
PBG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
