reversal, page-5

Kman, concur - I have been short for about a month now. I have watched the games being played with PBL everyday since they topped out at $10. I think it has been held artificially above $9.75 for a few weeks - first thought it might have been due to options expiry at $9.75 in late June - but has continued since then. Seems to hit around $9.90's and then the large buyer/s mysteriously disappear and there is nothing underneath -bombs away. Then they just repeat the process. Went short again today at $9.93 for short term. If it breaks above $10.00 will have to reassess but I can't see that this co. is worth over $10.00 long term at its current P/E. Also have got some options to hedge against a long term rise.