Focus in on this
posted on
Aug 28, 2012 11:52AM
The case can be easily made that at today's prices, Probe is as good of a buy now as it was back in the June-July period of 2010 in the 35 to 40 cent range. Smart money is positioning themselves in PRB" RIGHT NOW" but they won't show their bid interest for obvious reasons. It is suspected, aside from a public dump here and there, that offerings will be slowly and methodically taken out.
The confidence for this buying is based on the share price being very near to its 1000 day moving average at 93 cents which continues to advance. The guys buying aren't the forum posters, they are the folks who have computers watching thousands of stocks and when shares of any of them, following a good time and price consuming decline has taken place, buy when prices comes back to the 1000 day advancing average line.
These people belong to the technical gang who may or may not equate a little fundamental reasoning with their decisions. In our case, they would have to love us. The people buying are probability players and at the current last sale of 97 cents, it is strongly suspected that their probabilities of success here are in the 90's.
What is suggested is taking a look at PRB's weekly chart. Unfortunately, I can only link you to the daily chart but you can easily change the time period from daily to weekly. Just keep looking at the 200 week moving average line which has been referred to as the 1000 day average and let its significance pacify some nerves. Actually, a technical department of a brokerage firm or two would be quite justified in recommending our company for purchase right now.