Weeeeeeee!!!!!!
I havent been on a slide this steep since I went to Six Flags Great America when I was a kid!
No fear! Most of the deepest dips reflect an RSI index of below 30%! Panic selling by the fair weather fans.
"The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher then 70% is considered overbought and lower then 30% oversold." (I am clearly not smart enough to figure that out on my own.)
I remember watching press releases and wishing PBLS would shut up since the stock seemed to drop after every PR (be careful what you wish for.)
I filtered through some of the "buy" recommendations from a year or two ago. This company was strong a year ago(I seem to remember revenues of $113,000,000.00.) These revenues do not simply vanish because of a lack of PR.
The rumors of the attempt of PBLS to dump its airilne holdings seems brilliant to me. What difference does it make that "Red River Turbines" is GE certified? It would have been a money pit.
GE is actually one the proponents of "green" lifestyles. Does anyone else see the 'ecomagination' commericals on sunday morning shows?
If PBLS dumped the airline biz and decided to combine Bayou State Trucking with recycling, it would seem to have been a wise move. Small airlines and private charter companies are dropping like flies (and will continue to drop with the price of crude.)
Is it possible that PBLS demonstrated good judgement over the last year? Dumping declining holdings in favor of "green" companies?
Lets keep in mind that the rebuilding of N.O. was not the financial windfall that many had speculated. As it turns out, noone really cared about rebuilding. Wasnt Brad Pitt on the Today Show awhile back pleading for rebuilding efforts from donations? I am happy to take my chances with winning a settlement of potential profits vs. what actually happened down there.
<the following was a copy and paste>
"One of the most powerful strategies I have ever seen for longer holding is [what I call] MACD Tracking. MACD is a technical indicator, that when plotted against a daily stock chart, can be a very reliable buy/sell indicator. Without going into too much technical detail, a MACD signal is basically two moving averages, one with a different time interval than the other. Typically, MACD is shown as two horizontal lines, one green and one red. It is said that a "buy" signal is indicated when the red line crosses above the green, and a "sell" signal is when the red falls below the green."
Its time to party like its 1999!!
PBLS TO DA MOON!!!(I hope I dont have to pay royalties on that.)
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