EDGE TRADER

Friday, January 13, 2006

POWI



POWI was downgraded due to valuation yesterday, gapping the stock down substantially. I am in. I think this would have backed up a little due to the rapid run up anyway. It's risen so rapidly it is tough to discern a true support level for this stock but yesterday in the face of high selling pressure due to an overall market decline it found support in the low 26's.

3 Comments:

At 6:23 AM, Blogger Dan Beisiegel said...

Insightful post! Keep up the good work.

 
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