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Re: langlui post# 44049

Tuesday, 06/23/2009 7:14:31 PM

Tuesday, June 23, 2009 7:14:31 PM

Post# of 160314
Hey Langy,Just got in.Markets were blah again today.As far as psun goes~It is just churning basically between 2.94 and 3.10.We know it has held up well off strong 2.90 support.The perfect trade or buy and hold would be a break of 2.90 intra-day and take out a few stops(buy then) and bounce back strong with good volume.Hasn't happened last week or this week.I thought it would with the big boards taking a hit.Cbl did take a hit yesterday and hit 4.88 which was also the low today.It basically traded between 4.94 and 5.04 today with a high of 5.14.Closed at 5.04 above its 5.02 open.Goes x Friday and had a placement at 6.00(over subscribed) which raised 300 mill+ to help get down their debt and have their credit facility terms pushed out till 2014.Moves with the market generally except today.My thoughts off the top of my head.lol Bob :))

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