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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Elizabeth Andrews who wrote (862)1/23/2001 11:04:05 AM
From: David Graham  Read Replies (1) of 976
 
Elizabeth,

I agree with your analysis regarding the low volume pullbacks. The stock is still in an uptrend stretching back to the late Oct lows. However, another technical indicator (MACD) gives me pause. The last price spike was not matched by a new high in the MACD (relative to the peak at the end of August), and that is often a bearish indicator.

I'm cautious and sold half my PDL last week. It's still my favorite producing PGM but I'm nervous.

BTW - nice call on MSK over the last couple of months, you helped me see the light and I got out with a decent profit.
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