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Corrections Corporation of America Message Board

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  • GenJackripper GenJackripper Jul 20, 1999 4:04 AM Flag

    d%&$** unions

    Despite last week's improvement in price (which
    has continued through yesterday, Monday, 7/19/99),
    the past 6 trading sessions' DVs have all been below
    PZN's ADV.

    Yesterday's (7/19/99) IBD, whose A/D
    rating for PZN reflects its market activity through last
    Thursday, when it closed up 0.750 @ 10.8125 on its highest
    DV occuring last week (901,700 shares), is still
    showing an "E" (Strong Distribution) A/D rating for
    PZN.

    Whether today's IBD , reflecting last Friday's A/D
    activity (+0.125 from Thursday's close on lower volume of
    706,900 shares) shows any A/D ratings improvement,
    remains to be seen, shortly.

    The Oracle at Delphi
    has indicated to the General, for some time now,
    that, technically speaking, PZN needs to break above
    13.125 (on volume) to signal an improvement in its
    status.

    The Oracle says that PZN could just as well head back
    down as it could continue higher.

    It could well
    be that PZN has bottomed, but the Oracle is saying
    that the technicals aren't telling him that PZN is out
    of the woods, ....yet.

 
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