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PowerShares DWA Technology Momentum ETF Message Board

  • pe5k pe5k Feb 2, 2004 10:56 AM Flag

    Oversold.

    Again PTF is oversold. Again a buying oppertunity. Believe it or not, the dog of all the Canroys (PVX) is the one that is holding up the best. Go figure.
    regards,
    pe5k

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    • I think the smart sellers are getting out now before PTF announces the effects of 51-101 on their reserves as PGH did today.

      Looking what happened to PGH today, that could happen to PTF, except PTF already traded at $10.95 a couple of days ago without any restatement of their reserves.

      So PTF trading in single digits would not surprise me in that event!

      Even RJ's new wildly optimistic price target of C$16.00 only equates to $12.00 while the average of the other CanRoy analysts price targets would probably have PTF at $10.50. And those are ALL without any reserve adjustments.

      Oversold... I don't think so!

      Also think all the new former tech investors here should realize this CanRoy is dually traded and there are no MM. Proiblem is there are NO buyers!!!

      You can bitch about the MM's but I haven't hear one of you say PGH or PTF traded lower than your limit ORDER!!! There are no BUY orders to keep the prices up!!! Simple as that.

      Regards,
      NHY

 
PTF
34.36-0.84(-2.38%)Jul 31 4:00 PMEDT

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