PBI has been a very hard stock to trade, and has had a few false starts. However it has not given me any sell signals and a stop loss at $0.28 is sufficient for me. Totally different companies to trade. i comfortably hold PBI given next multi point trials begin in a matter of weeks. It is a stock which is driven by sentiment, particularly the sentament around SLT, as they both have similar investors.
I did however in December predict an outperformance of PBI relative to SLT in the future. PBI has a much more attractive chart and technicals. Note also that PBI inthe coming weeks will touch its rising trend line, which I feel will mark the next buying spree.
Note also that volume in PBI has been too tiny over the past couple of months to read much into regarding where it closes.
I comfortably hold.
MRX, short term is a different kettle of fish.
PS -
Track record -
This year, check posts AZR, VRE, QTM, BGF LAF
MRX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
