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PXRE Group Ltd. (PXT) Message Board

  • gimesumpills gimesumpills Mar 12, 2006 1:08 PM Flag

    I have a hunch about where this stock..

    is headed.

    If this stock was headed to zero with no bounce, they would have let it fade from 12 to 0, gradually sucking up traders into a falling knife scenario.

    In my opinion, this move is all about margin calls.

    Once the damage has been done, up we go.

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    • The midwest...Advisory on to all midwest states. More to come, stay tune.

      BTW, I'e seen only a few stocks that went straight down to bankruptcy. I don't see that happening. However I don't know either where this stock is headed for. I thought this would fill the gap to $4.25 but that was 2 weeks ago. I'm very surprise at where this is at today. I would be a buyer but it scares me. I did buy at $2.95 but sold the same day.

 

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