I did mention about shot term opportunity at Rs 1.1
http://forum.srilankaequity.com/t29677-pch-big-interest-90-level#175075
I also did mention the danger at Rs1.5
http://forum.srilankaequity.com/t29744-pch-order-book#175510
I presently feel there is some serious manipulation going on looking at the orders. When I started writing this PCH was Rs 1.4-1.3. Now it is Rs 1.2 . Do not get exited when you see large orders appearing.
There can be some future manipulation plan or price up . I don;t know. But this is a pure gambling share at this stage. Massive high risk ( maybe high gain/higg loss) There is systematic dumping going on by the looks of it.
I thought I should tell you what I felt. Decision to gamble is yours if one wants to play.
Btw what happened to their Kandy branch?
http://www.pch.lk/new/index.php/contact-us/regional-branchers.html