I know Art had this on a few of his picks in January. Art how do you feel about this company now? Their earnings report from early this week looked strong 12% increase vs a year ago but this stock seems to still be slipping downward with no support below it's current level. Could the slide continue and if so how much lower? Just looking for some insight here on PHMD. Thanks and Gluck
Posts: 315 | From: New York, USA | Registered: May 2003
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Take a look at the bigger picture, 5-10 year chart. This one may need more consolidation to break out. You also may be able to catch it in one of its swings though. Watch the indicators and the overall market. It is pretty safe at these levels. For this one it looks like it is just a matter of timing. This one will be a real looker in a year or so if it stays at these levels.
Insiders are buying as well so let that tell you something.
[This message has been edited by grjohnso (edited February 26, 2004).]