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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (3806)	11/26/2003 10:53:21 AM
From: Ken W	Read Replies (3) \| Respond to of 23958

Mike The downgrade on PTRY is most likely due to valuation rather than conspiritory acts on the part of the downgrading firm. After all it has come a long way in 3 months or so..take your profit! <GGGGGGGGG> IMCO Goldman had some upgrades and downgrades on the entire auto vendor sector this morning. They did not mention IMCO at all so sympathy dictates the fall. However, the stock was in trouble before this morning on a TA basis. Look for support near the 200dMA in the low 5's for a trading op. FA wise (what were you thinking?) The company continues to lose money and presently trades at a forward PE (1 year out) of 20..pretty much fairly valued for the next year. Trading at 2x book and 2x sales and growth makes the case for fair value at the present price. Not to say this could not be a wonderful trader Mike, just pricey at the present level. ANYONE still holding CDIC??? Breaking 6 on good volume this morning. DAMN!! Should have stuck to my guns once again...stinking short attentions span has cost me money! LOL Ken