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Non-Tech : PSUN A new breakout at $30+! -- Ignore unavailable to you. Want to Upgrade?


To: E. Graphs who wrote (1447)8/11/1999 2:15:00 PM
From: Toby Zidle  Read Replies (1) | Respond to of 1622
 
I don't know what happened yesterday, E! Some analyst reiterated a 'buy' and PSUN fell apart. It did have large volume going down (compared to earlier 10-minute intraday periods). But once it stopped, it caromed back $4 like a hard line drive off the Fenway Park Green Monster. Volume coming back yesterday exceeded volume going down. A hopeful sign!

After the fact yesterday, Dow Jones News carried this headline:

DJNEWS-16:45:59 Aug-10
[KSS MAY PSUN TJX TLB WMT] RETAIL STOCKS CONTINUE SLIDE ON INTEREST RATE WORRIES

Somehow this doesn't look compatible with the intraday pattern. Worries don't max out at 1:00 p.m. EDT. But what time did the Fed director (not Greenspan) say that he thought inflation fears might be overblown? Maybe that was it.

So right now, PSUN is back to $24 7/8. I keep telling myself to take my profits at $25. Haven't done it yet. Hope springs eternal. (Or gets rekindled easily, at the least.)

Come over here to my pool for that swim, E! That's the only way anyone can get me away from this computer.