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Monday, November 11, 2013

PCLN


I keep waiting for a correction to get into PCLN, but for some reason, I continue to miss them, and this has been going on for about, oh, 5 years now. A good correction never came this year, but that did not stop this from offering several entry points: just since the beginning of October it has hit the 50dma twice. My excuse now? I believe we are heading for a big correction, and this is way over priced right now; I think we will get a pretty damn good price sometime next year. And if that never happens? I guess I missed it again.

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