SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: jim_p who wrote (17032)10/7/2002 9:12:10 PM
From: kodiak_bull  Read Replies (2) | Respond to of 23153
 
Jim,

You'll go out on a limb? Buddy, you couldn't live more on limbs if'n you was a chimpanzee. A limb is your natural habitat. As for me, I'm not so much of a tree hugger as a trunk hugger, and as close to the ground as possible. :^-)

Okay, it's your limb.

You could get a bounce here, but when I look at the chart I don't see much of a bounce coming, mebbe 20 cents, mebbe 30 cents? I dunno, most of that bounce would be spelled H-O-P-E, one of the ugliest four-letter words in investing I know. PGO has been a HOPE story for a long time and looks like it will be for some time to come.

In any event, there's nothing on this chart that says bottom and bounce up 50 cents and there's a whole lot that says, here, pause and continue on down.

Before you buy tomorrow, check out today's 10 minute chart and focus on the volume bars. Most of the volume was done in the earlier part of the day; when the sellers stopped selling, light volume took it from about $2.00 to $2.09 a share.

Good luck with your trade, don't let it ripen too long and wake me when it's trading at 92 cents a share??

Kb