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Message: Re: I Say
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Sep 16, 2009 11:22AM
1
Sep 16, 2009 01:57PM

Re: I Say

in response to by
posted on Sep 16, 2009 02:03PM

Bottom reached at current level? Thats a bit of an oxymoron............LOL

I think it has bottomed though, TA shows historically we didn't go much lower than these levels for RSI and Stochastics. I guess a cautious buyer would be waiting to see the positive divergence to the upside, a riskier buyer would be trying to nail the bottom to the penny before it does start turning upwards. Heck it could even travel sideways for a month. But it is nice to see a bottoming. Hopefully the MoMo crowd and its trading influences move on to something else so the stock can trade on it's merits

http://stockcharts.com/h-sc/ui?s=PEM.V&p=D&yr=1&mn=0&dy=0&id=p11097201258

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