Banking and Finance? How about a pawn shop? - PWN Message Board

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Non-Tech : Banking and Finance? How about a pawn shop? - PWN

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To: Rickey Lynn Wilson who wrote (47)	1/27/1998 12:40:00 PM
From: David Rubin	Read Replies (1) of 56

Funny, I was thinking just the opposite -- screaming sell. The chart has really gotten ugly. PWN made a great move from September through December, rising over 25% during a turbulent market. But since the new year the trend is definitely downward. Last week's attempted rally failed miserably and now we've broken short-term support levels of 11 3/4. The next support is at 10 1/2. What's going on? Could there be wind of a not-so-great earnings report to come? Or is it just profit-taking after the new year? I don't think this is a good time to get in. I'm still holding my shares, hoping we can regain support as 12, but if we close below 11 I think it's time to bail out and wait for better times, unless you're in for the long haul (1-2 years).

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