Friday, December 5, 2014

$PLKD Has Impressive Day in Stock Market

$PLKD has had an impressive day in the OTC stock market today, with its shares trading up by 100% as of last check.  While this move is enticing for investors, more often than not a penny stock trading this low will see a short term run up only to be followed by a massive decline.  I do not see the possibility of a sustainable rally here unless the company shows positive strides in its business aspects.  New company news and developments could prove me wrong but I remain bearish here from this point on out.

I have no position in $PLKD.

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