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International Investing / Australia (All-Ordinaries)


Subject:  PDP Date:  1/31/2002  12:24 AM
Author:  jono202 Number:  3436 of 6186

This stock has been a real dog for investors over the years. However the chart is suggesting that PDP has made a solid bottom at recent lows as well as a strong break of a very long downtrend line thus the long term picture is looking up for PDP IMO.

You can see clear resistance at first $1.20 & much more at & around $1.50, that tends to suggest shorter term a correction(either sideways or downwards) before PDP is ready to challenge those potential sellers.

I'm holding off buying at this time but I can smell potential so I'm watching closley.long term investors may not have such concerns in respect to entry price & I also feel this is a worth consideration from a FA intrinsic value point of view.

So folks tell me if you think I'm wrong.


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