Sieze the day, Bill,
Good morning all.
Took a good look at the chart today.
And actually, Prdm seems to be building a base.
Hate this company, but also trade on T/A, so from the tech point of view, at 1.06 to 1.09, I can see the ability to make a profit.
I would look at it as a separate tranaction than averaging down.
Target 1.50, not firm.
Reason I bought this in the 1st place, is because it has made several nice (2 day) percentage jumps in the last few months. If you can follow daily, and be quick to take a profit, there is potential at the above prices. Don't count on averaging down though, I can see this stock staying at these low levels for a good long time, and you'd be sitting on more dead money.
Sue |
