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20 May

Midday For May 20, 2011

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U.S. stocks are falling on concerns about the euro-zone debt crisis and troubling profit reports from a couple of apparel retailers.

PAL sold off a bit down about 4% which opened the door to a good buying opportunity in my opinion. As a result I grabbed $2,500 shares at $3.55 and my new average is $3.65. In the short term I’d like to make $.50 – $1.00 per share and this chart shows you the reason for my buy.

Click here to view why technical analysis suggests PAL is a good buy here.

Nothing has changed on GSTP, I expect it’ll start trading more actively in the future which is why I continue to hold. If and when that outlook changes you’ll be the first to know.

Outside of that I’m looking to but ELTP at $.145 if it pulls back some.

 

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