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Strategies & Market Trends : Ask DrBob
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To: Dnorman who wrote (6077)9/22/2000 1:24:47 PM
From: Kracko  Read Replies (1) of 100058
 
Dnorman, if you don't mind, I'd like to take a stab at this one.

IMO, stay away from PCLN. Wait for it to confirm an up move. It's still in a downward channel and there is currently no sign of it stopping. It was just dropped from the Conn. BBB and Internet stocks are not doing too well lately.

Here are some cliches: Don't try to catch a falling knife. You can't buy at the bottom. :-) (Like 'em?)

PCLN is at an ALL TIME low - if you don't count the IPO price. Be afraid. Be very afraid.
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