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Like most stocks, including the CANROYs, PDS got hit really hard today. I can't help but think that it is becoming one heck of a value at this point, but I definitely would not say that it is not going to fall any further. I personally pay absolutely no attention to technical analysis, generally I like to buy stock in good companies at attractive valuations and hold on to them, but there was a timely Barrons piece on TA of PDS this afternoon that this discussion made me think of. Here's the link:

http://online.barrons.com/article/SB119488449062190096.html?mod=yahoobarrons&ru=yahoo

It looks like oil stocks had a pullback today on fears that the U.S. will head into a recession and that OPEC may increase production.

Deej
- Long PDS
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