I don’t know what the reverse of a rug pull is, but it’s what we just saw. This would have caught a TON of market participants off guard. What matters is what happens on the next pullback. If buyers step in at a higher level its game time.
How to place it: enter a MARKET-ON-OPEN BUY for PPHC - a market order set to fill at tomorrow's 9:30 open, whatever the opening price is (there is no price to type; $12.59 is only last night's close, for reference), sized at about 5% of your account. It fills at the open by definition, so there is nothing to cancel. Enter the protective SELL STOP at $10.08 together with the buy and leave it working (GTC). No time limit - this one is meant to run. Sell at the CLOSE of any session that closes below its 200-day moving average - that line is on every charting platform, so you can check it yourself. A second exit tracks the newly-listed group as a whole; you do not need to follow that one - we alert you when it is time to get out of IPOs.
