sumaojl has held bullish expectations for the
merry, merry, month of May, while the General has been
eyeing the month of June.
obsessive/compulsive that Cleo labels me as being, I found it
desireable to calc PZN's 50 DMA a few weeks ago. Having done
that, it was noticed that when PZN exits May, the
trailing portion of the 50 days' worth of closing prices
will enter a bowl shaped trough or crater wherein
PZN's closing prices fell below $19, getting down to as
low as 4/07's and 4/09's 16.375. The historic period
I'm referring to was 3/22/99 through 4/19/99,
encompassing a total of 20 trading days, or almost enough to
last through the month of June (June has 22 trading
For those who care to see the graphical
representation of what I've been describing, look at PZN's big
3-month chart here on Yahoo for the historical period
cited above and the archive of "daily" stats for the
Now I am not saying that charts
are a predictor of future stock prices, although I do
regard certain patterns and movements as indicating
likely "trends," and I realize that what I'm about to
point out is a bit of the tail wagging the dog, but
here is the point of the foregoing preamble.
the moment, PZN appears to be executing a 50%
retracement of its run from 4/12/99's intra-day low of
16.1875 to 5/11/99's intra-day high of 22.375. That 50%
retracement level is 19.28125 (19 9/32). That level is
slightly more (about an 1/8 of a point more) than where
PZN's 50 DMA was sitting as of today's close
So, PZN would essentially be sitting on its 50 DMA.
It can, to all intents and purposes, maintain a
"positive" technical track remaining close to, but
nevertheless ABOVE its 50 DMA by doing nothing better than
tracking sideways (neutral, flat), pricewise.
is, until the end of this month. At that time, while
the then current day's closing price will be ADDED to
the 50-day tally, the (increasingly) smaller tail-end
day's closing price will be SUBTRACTED from the
The net effect of the foregoing will be that, even if
PZN's prices, near-term, were to stay "flat," ITS 50
DMA WILL BEGIN TO RISE. Inorder for PZN to remain
ABOVE its (now) rising DMA and continue in a
technically positive mode, it doesn't have much choice as to
what it's gotta do. It can't afford to just mark time
or dawdle any longer, IT'S GOTTA RISE,
A case of the tail waggin' the dog? I guess we'll
all have to wait and see.
I don't know if you had heard but junk has raised
its ugly head from the 80's and low and behold
investors seem to believe it is a good idea. Anyway that is
what my sources tell me so long as you pick up a good
one it is a great way of making money. Crantz and a
junk bond - I would think it is an opportunity for an
investor. Anyway it is a better idea then dillution.
Thought on drop - interest rates trending up - companies
involved in brick and mortar will pay more thereby
reducing bottom line. Of course more revenues provides the
There is going to be a junk bond offering next
week, and if it does not go well, financing will be
done by issuing more shares. Management has a serious
credibility problem. Last week Doc had the analysts thinking
things were changing, then the news today of the junk
bond offering. The stock price could go as low as 15.
Even if it holds around 17, don't expect much growth
any time soon.
anyone see the size of the block that went 15
minutes ago: was it a single block of 100000 of was it a
batch. It appeared to be on buy side - if so we should
move north. Appreciate identity of buyer, was it an
Thanks my friend for quick response. Any thoughts on why this stock is being dumped last two days. Seems like the institutions left in mass a while back when they reorganized into a REIT
This puppy is dropping fast
Guess funds don't
like just the REIT
this went from growth stock to
October this dropped to around 13 for a
while if my memory's ok
looking to load up on the
oh well, a little income never killed anyone
The first quarter report is already out. I do not
know about the second quarter. I assume it will be out
sometime in July.
Call the company and ask them.
Doc likes to hear from yahoos such as ourselves
PZN has broken its 50 day moving average on heavy
volume. Unless we get a late day rally, we may have to
retest the $16 level. Lets hope for the
Excellent buying opportunity at any level down
Just another Yahoo...