PSMT

Last quarter PSMT took an earnings hit, and I kept an eye on it because of an observation I have been seeing over the years: stocks in a growth cycle that take an earnings hit sell off for about 10 trading days, then reverse and resume the up trend. That was the case here, although the bounce back was fairly weak (due more to market weakness, I suspect, than weakness in the stock), it still has a noce gain. It has now taken a second eanings hit in a row, which now constitutes a trend. I will be watching this to see how it behaves in the next few weeks, but I strongly suspect it will not reverse quite so quickly this time.