I am reposting another bullish perspective from the Yahoo thread.
Oh gosh I hope I don't offend the bears, NOT
I have come to believe charting is of limited value except to perhaps
only the shortest term investor. It can be seen with charting, if a stock
is over sold, or over bought, and perhaps sometimes there is a play
there. Many times a stock will move back to its short term average,
BUT NOT ALWAYS. People get faked out on the too.
Unless you are a day trader, you are better off determining just two
little things. Does your co. sell a winning product, and is the price
right compared to what the future holds. This is the basis for
fundimental analysis.
PRST, is a great co, with a great future. who's price was wildly over
priced once upon a time. To me now the fundimental look great for
PRST. They have lots of great prospects (business wise coming) They
are on the inside track as far as controlling Direct Image technology.
They have a long list of controling patents, and it's growing. We all
probably know the story with all the hardware coming along, and the
fast growing plate sales etc. so I won't get into that.
All we need to know in order to make money is which co's have solid
bright futures. At this price level, going forward PRST is an easy play.
Remember you can not get hurt very bad, falling out of a first floor
window. PRST is a very strong (both financially, and on forward
looking fundimental) co.
I can't tell anyone if in a week the price will be higher or not. But I
think it should be a slam dunk winner, if we are talking 18 months.
The only thing that might derail PRST, is a world wide financial
collapse, in which case we are all screwed any way.
My dad charted stocks for nearly 60 years, and I'm sad to report he
didi'nt make a penny in the long run.
Really check out PRST, Learn all you can, then make your decision. I
think it's a winner.
Good luck
Peeweecash |
