I don't blame the Co. for going after this cheap money right now. They are doing it because they want to and not because they have to. They can make a nice addition to the business with it and expand thier horizons for the future.
I've been posting for a week that PCX is not in the mood for advancing. Just because the overall market is higher is no reason to think PCX will do the same. I'm still standing by my $21.20 buy target, I will probably move that price abit when the time comes, but for now the hedge I put on is making me money while I wait.