micky mouse, page-5

bigdog
Unfortunately most stocks got hammered today not only PLA
it's just the overall market conditions that you refered to. Don't worry pla was in good company with the gold sector down 3.1% with some individual stocks down more than that, my screen was filled with red.

It was a risk off day with the xgd hitting two year lows.

The market tends to overshoot on the way up and also on the way down. At the moment I think its oversold and alot closer to the bottom than the top. Sentiment can change in a heartbeat as is the case with pla swinging wildly over the last few weeks , generally a sign of being close to a top or bottom , in this case I think bottom.

I can't say for sure what's going to happen but I don't think labeling a stock garbage is going to help when there is some light at the end of the tunnel in my opinion.

If the market is always right how come syr was 60c 3 weeks ago now it's 1.33?
It's pure sentiment.
Like the saying goes, buy when others are fearful.