Happy to provide my thoughts on PRK on a technical basis........I haven't investigated fundamentals to any extent since my exit.
PRK and TOL are two totally different charts........TOL until recently had continued to grow up to and since the National Rail win. PRK (or Lang at the time) was finished as a growth stock in early 2001 and it was the National Rail tender (something you would never have wanted to rely on and a very rare opportunity) that saved it. Prior to this I believe TOL was the better of the two companies.
I exited (using my system) LAC with a very nice profit in early 2001 at around $11 and watched it go sideways until the Rail deal.........I believe it would now still be below that price otherwise.
My system is based on entering at the right time at the start of a huge growth phase (ala my holdings in NTG and HWI.................for PRK ideal time was around $3) and exiting when such huge growth is no longer possible. You can get re-entries later (as with PRK after the rail announcement) but they are rarely as profitable and the indicator slightly less accurate.
Having said that PRK (second time round) has not yet triggered an exit signal and it is hard with indicators to predict when that will be. Looking at the chart and my indicators I suspect an exit would be triggered on any break below the last low of 15.55.......perhaps a little sooner. But that gives you a general idea of how I would view it. But as I said I've made my money on LAC and don't invest in dinosaurs (as PRK may soon become) as the HUGE money has already been made.
TOL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
