PTD - 21/7/06

This one has broken immediate downtrend, retested, and consolidated the retest. A break out of the minor consolidation - $1.275 could trigger a trade up to the next down trending resistance line. If that is broken, then PTD could become a very nice turnaround story. Note the nice bullish divergence highlighted in blue.

Lack of volume might make this more of a position play, rather than one you can trade around too much.

Longer term view plus some fundamental data posted below.

Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.

Longer term view highlighting the longer term down trend.

Fundamental Data. Notice the turnaround in earnings, from profit, to loss (beginning of long term down trend) and now back into solid profits.

Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.

PTD Update 8/8/2006

well, its time to get those stop losses ready, or if support holds, it could be a good level to accumulate a few more. I actually made a decision last week to sell half my position @ cost and possibly buy back later if: 1) the stock breaks out of its consolidation, or 2) if the stock drops back to support i could buy back that half position to give me an average entry price close to the support level. A close below $1.21 would see me walk away from the trade with a small loss.

Disclaimer: The above mentioned information is my opinion only, and NOT to be taken as advice as i am NOT a licensed advisor. Caveat emptor.