This post was just published on ZYX Short Change Alert.
PTCT has spiked on rumors of takeout. There is a reasonable probability that these rumors are wrong. Consider adding a 15% tranche in the zone of $67 to $70.73 if still holding. The stock is trading at $67.72 as of this writing. New target zone is $43 to $47.57. New mental stop is over $72.50.
Caution: This is suitable only for super aggressive investors with large portfolios so that his position is extremely small relative to the total portfolio. Obviously if the rumors are true, the loss can be large.
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