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Thursday, November 12, 2009

PAX


PAX is one of the most bizarre looking charts I have ever seen. It has the typical price pattern of a thinly traded stock, but gets over a million shares a day often enough that it should actually move occasionally. It has been in a slow steady uptrend for several months, but the lack of real movement has resulted in a horribly weak price relative line. Finviz lists it in the "diversified investments" industry, which is another way of saying "we don't know what these guys do".

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