Yessterday's low volume (340,000) and Hammer of Thor formation indicates a session where the bears were in control early, but gave way to the bulls at the close. During the morning period the stock sold off, but by the close, it had rallied sluggishly to close well off the lows, and in fact was even for the day. Clearly, this could be seen as bullish and the apparent onset of a radiating star candle indicates that the bulls are ready to assume control. The future of PKD is bright despite the gloom and doom on the thread.
For now, the bear still remains in control of the short and intermediate term trends, but there are signs of fatigue building. It is difficult to call the bottom precisely, so a little caution is advised. There is an old Wall Street adage: the tired black hole become the brightest supernovae. Logically, I am not in the least worried, so long as PKD remains above $3.125.
Even though the short term weakness trend is strengthening, it is interesting that the key Himmelfarb oscillator is not confirming this trend. This can also be seen by examining the Westerby Elliptical Transcillitator. My own long-range momentum oscillator, the Khan-Mobius Bridge Oscillator, is sending a buy signal. (I remind readers, a loss of momentum is not necessarily a reason to sell but is rather a short-term warning flag.)
I remain upbeat and expect PKD to at least quintuple by the end of the year.
your medicine. Dad (the King)said you did receive your shipment last Friday and he's con(fad)ent you will obey his law. He also said you may put the "Fun" back in dys"fun"ctional and he's proud of you becoming a real investor again. His message to you Brother Kahn is as follows: 1)Obey the rules of investing (hold long term) 2)follow the lead of the best investors (ie,LCBARD,T34B,JPatton,Kollmon,etc....etc....) 3)don't argue with fellow investors/posters 4)say your sorry to all board members 5)use real money and stop taking my monopoly cash 6)Call mewag and give him some medication (just kidding) 7)Change your name 8)Call Dad (the King)and mom (number 9)and pay her back with a dinner for two. 9)Invest in other Oil Drillers 10)Read The Bards News letter
with you, respectfully, about the advice your poor brother, Khalid R. Khan, should be expected to follow. Many of your suggestions are fine, but, LCBard is a giant turd incapable of original thought. LCBard has probably spent his life in and out of mental institutions. His commentary is so bland and stunted it is obvious he has spent a lifetime on anti-schizophrenic drugs and now has Tardives Diskinesia. Your suggestion that Khalid should follow the investment advice of LCBard is tantamount to suggesting Khalid should invest in bat guano. I urge you to use your better judgement and give your brother better advise. Thankyou!!