Pacer International (PACR)

[Trader0327]

SFI took a dive today. Watching for an entry to add, Have a 3.04 average now with 5k shares and will sell if it continues to fall. In and out, take the profit and wait for the bottom. Has some support at 3.30 but could go as low a 3.00 This one is heading back to 4.00 was just going there too fast and has pulled back. Last week was too fast. May stay flat or go down a little farther this week. But after that back to the uptrend.


SOPW chart looks like consolidation. On further study checked to see why the big drop end of September. Dilution, they used shares for financing. Fourteen million at one dollar, once they are burned off it should move up. Will they dilute again? I don't know much about them, but have stayed away from pinks and the OTCBB since March 2009. Got burned big down there in 2008 and vowed to never let it happen again. Been trading only big boards since.

Good luck to you!
trader