Replies to post #998 on Pilgrim''s Pride Corp (PPC)

[RonnieD]

chart says first support @ 4.06
there is significant value here for the
patient investor, 3rd largest chicken slaughtering
operation in the US, majority Brazilian-owned.
Looking for possible entry, although I'm generally
short this market in other places.

If PPC can improve their margins, stock has
a lot of earnings potential. I am unsure how
much feed prices are cutting in to margin.
Feed prices should be on the way down, with the
dollar strengthening.

Stock is well protected, well positioned,
should be safe pretty soon at support.

[chmcnfunds]

Looks like we may get there -- now $4.57. I see $4.66 and then $5.04 as the resistances:

PPC - Daily Candlesticks



PPC