TIME TO BUY PENSON WORLDWIDE (PNSN)
We are initiating a small new long position on Penson Worldwide (PNSN) right here at $3.15. We will buy more if the stock goes lower. This is medium term position.
Our target is $5.00 to $6.00. Since it is such a low priced stock, at least temporarily, we will not use a stop. This buy is triggered by clarification of non-accrual receivable items in the company’s 10-Q disclosure.
Penson Worldwide (PNSN) CEO bought 25,000 shares at prices ranging from $3.33 to $3.39 on May 13th.
As a full disclosure, ZYX Buy Change Alert provided this signal on 5/12, one day before the insider buying.… Please click here or the title below to read more.
May 16, 2011