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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (11502)	3/12/2007 9:17:46 PM
From: chowder	Respond to of 13449

Re: PLT ... I agree with your price target. PLT has some intermediate term price resistance at $22.00. This coincides with some minor overhead supply up to $24.00, which may bring some short term selling pressure to market. Once this minor overhead supply is worked off, you have major overhead supply starting in the $27.00 price range. There are a lot of people who bought above $27.00 praying that price can work its way back up there, so they can sell their positions and get out even. So, I think you have a good price target set on PLT. Good job, well done!