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Perrigo Company Public Limited Company Message Board

  • valuecap valuecap Aug 19, 2010 9:25 AM Flag

    Momentum back

    If there was any doubt about PRGOs strength, this report provides data to support the growth trajectory and financial health. While I expect it may take until next week to hit 60...I would expect PRGO to quickly make a run back to the 64-65 range in the next month. IMO - long term players can consider buying up to 64 but no higher (yet) given the mood of the overall market. This may be a nice short term play for those who buy under 60 and sell above 63. My overall view has not change...PRGO is a core part of my long term portfolio. JMO...

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    • This is starting to look like a breakout. I would love to sell some in the near future as this is now my biggest position and I need to lighten up. I hate to sell too soon though. Seems like we could take a shot at the 67-69 area. I'd definitely sell 25% if we hit 69. Big CG from when I bought at 12 but that was a long time ago.

      • 1 Reply to aristdy
      • It seems that PRGO faced a bit of a headwind in August as Israel was removed from 'emerging market' status for many mutual fund families. This initiated some 'automatic' selling last month since PRGO was not longer part of an emerging market portfolio. PRGO held fairly well...and now is past that dynemic. There is significant technical resistance around the 65 level. If/when we can get beyond 65, it seems this stock could easily run to the 68-70 range in quick fashion - as long as the overall market remains positive.

    • Again...as I predicted.

 
PRGO
96.45-0.79(-0.81%)Apr 28 4:02 PMEDT