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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: jennifersilversun who wrote (60199)	8/30/2006 9:13:50 PM
From: ralfph	Read Replies (1) \| Respond to of 313013

Just the darn Stockwatch yearly chart , jennifer. I looked at PMI about 3 months back and liked the numbers but not the action . i figured the stock could not hold its price and would hit the 3 buck level. To be honest i figured the stock would dip below 3 bucks and then range trade at the 3 buck level for 1 to 2 months. The 3 buck level was a support /resistance/comfort zone on the way up. It should have reflected the same on the way down. Now go back 2 years and look at the price and company fundamentals . IMHO the price of PMI has never really reflected the company's worth. At some point this may change - but I do not see that happening yet . So my call is for the thing to keep going down till it bases at a support level. 2 bucks might be it . i will take PMI out for a good date (if not a long term hug ) around the 2 buck level. ralfpherstein. may be ralfpherstunned. caution poster suffers from mood changes and talks to his cat.