PNK was down -8% today, to $10.75. Down eight percent is not bad when I look at a stock price that's down almost -70% from its 2007 high!
There is no doubt in my mind that PM's who got this one wrong are blowing it out into Q2 end performance reporting. Short interest is approaching 1/3 of the float, so the shorts are leaning on it here too.
I'll be buying more.
*Full Disclosure: I now own PNK in my fund.
(Chart courtesy of stockcharts.com