In my mind PWR is incapable of falling below--3.1--so at it's present price it's a trade--the company still has casflow problems that are gradually being worked upon--it gets better with time. Even dingo got taken out on this one--I thought no lower than 3.7--bearing in mind above--call it what you will--dog or whatever --here sits PWR--November 19th 2003.
Still with cash flow problems--in the trading sense best to remember the past accounts in order to understand the fundamentals and then use them to project the future. In the extreme short term trading sense--now that reality has been recognised--by noting yesterday's low and accepting it. Worthwhile to mark that spot on the BB--so that some sort of timescale to the investment trade can be made.
Today's low--3.5--0.1c above yesterday's 3.4.
last trade 3.7 vwap 3.63
##1 - 3 11:39:26 am 3.5 ##--bell
In my mind PWR is incapable of falling below--3.1--so at it's...
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