OY, look at the trading pattern over the last 2 weeks, PCLN clearly
wants to go down. The only question is how far down?
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
5/11/1999 123 134 1/16 134 3/4 123 17,186
5/10/1999 128 128 131 7/8 121 2,695,100
5/07/1999 130 21/32 144 1/4 144 5/16 129 5/8 3,418,100
5/06/1999 139 7/16 148 152 137 7/8 3,792,500
5/05/1999 151 3/16 141 3/16 152 120 1/8 7,583,800
5/04/1999 134 142 5/8 150 130 5/8 4,156,500
5/03/1999 139 1/4 152 7/16 158 7/8 138 7/8 5,239,900
4/30/1999 162 3/8 151 3/8 165 135 5,072,700
Notice that PCLN almost always closed lower than its opening price.
Short at open, and cover before close if one's interested in
daytrading this stock.
OT - An interesting article with comments from Intel Chairman:
redherring.com
Regards,
Tom |
