I jumped ship but got back on because I realise I shouldn't fight the market but listen to it.Am I wrong in doing that? If PBG's results are so bad, then why aren't the major 20 shareholders selling out? I only have 1/3 my original holding. Even this is already 15% up from what I bought them for of late. I like the views of those that jumped ship after the report came out. Their reasons for not getting back on. I also like to hear from those that still sell shorts on PBG and the reason they still regard PBG as a candidate for short. My reason for getting back on, is, the technical after the initial reaction do not correlate with the fundamental report. The trend of PBG is still up and right on the support level, on trend line before bouncing off it.I only have 1/3 of my original holding riding on it. So it is still a free ride for me and only one third of my winnings. Why jump off a winning ride, when the trend is still up?
PBG Price at posting:
$1.22 Sentiment: Buy Disclosure: Held