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PDL BioPharma, Inc. Message Board

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  • MCROC43 MCROC43 Feb 22, 2002 12:52 PM Flag

    PDLI loading with cash!

    This stock really looks sick. A new 52 week low, and all it took was Tanner talking bad about it (not even any proof). Was 24 about a week ago! Oh well, I'm long and will hold for the future....In at 22.50.

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    • One thing I've learned is it takes margin calls to bottom a stock. This happens so often in fact that the appearance is that liquidity is witheld until this point is reached..on purpose. Take a chart and look at the price points of last highs where the appearance of an upward reversal looks good, and then turns out to be false. More often than not, prices will drop just past 50% off these peaks to generate the margine calls then have a really strong rally upwards. Take PDLI weekly chart for example. 70 to 35 then strong move up, then 50 to 25 then strong move up, 37 to 18.5 then strong move up, then 40 to 20 then strong move up, then 40 to 20..then Tanner...waiting strong move up.

 
PDLI
6.72+0.11(+1.66%)May 27 4:00 PMEDT