Thursday, May 04, 2006

New Position - PDLI

I added a new position again today - PDLI. I bought 100 shares at $20.63. Stock is currently at bottom of long-term (3 year+) trendline - but it has not yet broke the support level. If it drops below $18.50 it is a sale and a short. But I think that it bottoms here and I see 23-25 range within a few weeks. Here are the charts showing the trendlines I was discussing:

Identified on line chart:


Detailed on candle chart:





Best regards,

BG

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