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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: aniela who wrote (19435)	4/17/2003 7:49:19 AM
From: chowder	Read Replies (1) \| Respond to of 23153

>>> do you have a target on PVN ? <<< No ma'am, I don't. Sorry. I don't set price targets for myself. I try to enter trades that provide a very good opportunity of bringing an 8-12% profit in a few days. Then I look at the technical indicators to see if there's a reason to stay with the trade, or take my profits. Price targets may work for others but, I found that I had a tendency to ignore the warnings when I had a price target in mind. It gave me a bias to my analysis that was detrimental to maximizing profits. I bought PVN at $2 and change. I sold most of my position with a 100% plus profit. The shares I own now are zero cost basis shares, and I plan on holding them a few years, just to see if that sort of strategy works. With the movement that PVN has had recently, I would expect that we will see a "sell the news" scenario. In fact, it looks like it's ripe for a pull back in the next day or two but, I don't know how far it'll pull back, if it does. To make a long story short, I don't have a price target. Since you bought in the high end of a price range, it would be prudent to keep a tight stop. Volume has been rising which means we could see a little more upside. I do expect PVN to sell off on the earnings announcement as I think it's already priced into the stock, based on its recent performance. dabum