EDGE TRADER

Tuesday, December 27, 2005

PWEI


This stock sold off today due to concerns with the rate driven cyclicals thanks to today's inversion of the yield curve. But it really got hammered, and in my opinion unneccessarily.

Note the gap up/upside breakout, followed by lots of trading, followed by the stock closing the gap.

Not a trade to get greedy with; a few bucks and a quick exit will make me happy with this one. In the back of my mind is that if I hold to 12/30 I also get the dividend, but at 7.5 cents per share, it isnt something that will sway me either way. GNSS also returned to the black today.

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