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Photronics Inc. Message Board

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  • peter_norths_proctologist peter_norths_proctologist Feb 19, 2011 12:47 AM Flag

    guidance?

    Hey TDM, do you think this one has any more gas left in it? I'm thinking of going in strong if I can get a pullback to the low $8.00 level. Not looking for a double. Just 30-35%.

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    • Those are my thoughts as well. I am looking for a pullback into mid 8's to purchase. I sold all my shares last week in mid 9's.

      I think a reasonable price under current market conditions would be $11 to $12, but not sure what timeframe to get there. I think that the current price is safe to buy, but I would like a lower floor to begin accumulating again.

    • Hi PNP. Yes, I'm thinking something similar. I don't even own 10% of what I'd like to own, trying to be patient. Seems like most "cheap" stocks I find now are semiconductor companies and I don't want to own too many, I'm also thinking the market needs a rest.

      So... while I would love to see low 8's, when I look at the chart I really can't see an obvious place to buy (other than around $7). My current plan is to keep one eye on the market and one eye on PLAB's volume. If the market remains firm then I will buy PLAB when the volume dries up a bit. If it doesn't work then it doesn't work. This is not a once in a lifetimer :)

 
PLAB
8.44-0.03(-0.35%)Sep 16 4:00 PMEDT

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