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:
PLCE has huge short interest...this could be one of the reason for the volume spike.
www.twitter.com/tradetrend
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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