As with any stock there will always be some shorts around. When pps goes to $8 some will think, now is the time to short. Yeah, there will always be some short action. PEI will be event driven with the biggest risk on the short side now that short side profits have mostly been wrung out.
This stock surely will go up by next week so I cant average down more, that would be the least of my worries.I am pleased with where the stock is at, loaded up as much as i could at 3.10 bought a few more shares today at 3.57 and plan to buy more next week to add to my collection... My guess is we close around 3.75 After the next dividend anouncement I hope we will be 6+ again. GLTA longs