No question we will see many upgrades tomorrow or Monday. The incredible thing that could happen if we see a few million shares traded tomorrow andwe break above $7, it's possible we could run to $9-10 tomorrow as well. You may think I'm smoking crack but once we get above $6.93 there is no resistance till $8.62. What we don't know today is how many shares may have been shorted between $4.50 and $5.30 that may also rush to cover. Institutions don't buy stocks under $5 and they don't buy at $5. They wait to make sure they are going to stay above $5. PBY fits the profle. We may actually have a perfect storm in the morning. If they throw any other positives outin the morning.....watch out. DaninFW
CURRENT PRICE 6.02, just below resistance, 6.51 ± 0.42, type Double, strength 10
RESISTANCE ABOVE +8.1% at 6.51 ± 0.42, type Double, strength 10 +53% at 9.21 ± 0.59, type Single, strength 2
SUPPORT BELOW -17.8% at 4.95 ± 0.32, type Triple, strength 10 -31.1% at 4.15 ± 0.27, type Double, strength 8 -39.5% at 3.64 ± 0.23, type Triple, strength 10 -46% at 3.25 ± 0.21, type Double, strength 10 -53.3% at 2.81 ± 0.18, type Triple+, strength 10
>>>institutions don't buy stocks under $5 and they don't buy at $5. They wait to make sure they are going to stay above $5. <<<
That's an excellent point, the institutions want a sense of permanency regarding the $5 threshold. So, Pepboys management timed the investor meetings with the thrust above $5 or maybe they just got lucky. They are going to reassure big investors that there are long legs to the PBY story and the resultant rally. Odell & Co. are starting to look like the real deal for a change.