If you didn’t buy in at the R1.80 point, its safer to wait for a pull back. Big news on PPC has contributed to the sharp rise in share price as PPC had a positive feedback on its debts as well as a surprise in earnings. This rally could continue for a week or two and we know how this story usually ends for new investors trying to catch the train. Strong support currently at R1.80 and the test now is to see how long the share price can stay above this support until next earnings report. Buyers at R1.80 can sell or hold at this point, either way its a win. New investors should probably wait out the hype.
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