Tuesday, July 19, 2005

PNTV Parabola

Recently, PNTV has seen massive gains. From the data, it seems this stock is due for an imminent pullback. All the signs are there. The stock price has been increasing in a parabolic formation. The stock is being traded at its highest volume ever and it has recently formed the final step in the 4 steps leading to the formation of a unsustainable parabolic growth curve. I'm not sure really what to make of this data, just that holders of this stock should keep a very close eye on it. There's a good chance you could make a quick dollar by buying in during a gap down and getting out before the close. Albeit, this is also very risky. Interpret the data as you wish. Good luck and happy trading! -KW

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