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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Frank Pembleton who wrote (29090)3/5/2003 11:29:46 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 36161
 
One ugly looking chart developing on PQUE

stockcharts.com[h,a]daclyiay[pb50!b100!f][vc60][iUb14!La8,17,9]&pref=G

So much for the double bottom. Given their lack of success of late w/the drill bit could easily see $1 or less if the results in April come up dry. There is certainly value here, but the lack of buyers and one ugly broad market makes this almost untouchable here.

Not sure what I was thinking trying to trade a microcap in this environment.

In a strange way it feels good dumping a loser and seeing it go lower that same day. Reminds you that you made the right decision.



To: Frank Pembleton who wrote (29090)3/5/2003 11:30:16 AM
From: Frank Pembleton  Respond to of 36161
 
bought RRI @ $4.07<eom>