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Charts courtesy of stockcharts.com

Friday, October 1, 2010

PLCE

PLCE broke out of a chart that can be charitably described as a mess. This could concievably be a double bottom base, but the midpoint is about where the previous high was. This has had a pretty good increase in volume lately, for reasons I can't find. Price relative is awfully weak, and with the wide price swings,  I don't much like this one.

2 comments:

Anonymous said...

PLCE has huge short interest...this could be one of the reason for the volume spike.

www.twitter.com/tradetrend

David said...

Thanks, I didn't think of looking there. Yes, at 25% of the float short, that would explain the big price swings and the volume.

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