Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.850

+1.6%

3:58 PM EST

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To: rob g who wrote (2668)	8/1/1999 12:02:00 AM
From: Hands Off	Read Replies (2) of 10293

Rob, I came across Dan's response to your query on PLMD by accident when I was doing a subject search on Money Flow. It caught my eye since I have a small position in PLMD as of this week - unfortunately at the high. I found PLMD through an IBD scan last week. It had then a RS of 93, a PE of 20 and a triple A rating - which does indicate it is under accumulation - not distribution. Further FA indicates a Price/Sales of 1.5 which is good. However, Dan's TA comments also make sense. Money flow is negative - I still don't know what that means - Momentum is flat and the Stochastics look over bought. However, both the daily and weekly DMI look fine and the MACD does not look bad - although the slope is dropping. The thing that troubles me the most is the flattening Momentum and the relatively stable price - which may be a bearish divergence. It is hard to tell with this market and I am a novice at this but I am much more cautious now and will be looking to cut my loss at any weakness. This is probably more confusing then helpful but what can I say. <g> Luck Marshall

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