3SOF

Quote from: nullzero on February 07, 2007, 12:55:53 PM
PCU trading at 65.56 still making new 52wk highs

nullz,

I've been wondering if the Rectangle target of 66.82 would get MADE before PCU goes ex-dividend (I believe it's Friday morning; the open should be down 1.70 from today's closing price for the dividend pay out). 

Yesterday's high was 66.02.  We'll see if the shorts step in after the dividend is out of the way. 

By the way, remember Cramer's call for a collapse in copper, and his call to sell PCU on the afternoon of  December 21 (PCU closed at 52.29)?

I just read an article called "Unstoppable Energy" at The Street.com from Wednesday afternoon.  At the end of the article was this interesting comment from Cramer, on PCU:

TheStreet.com TV Recap: Unstoppable Energy

By TheStreet.com Staff
2/6/2007 1:45 PM EST
   
"As for individual investors, when Task asked how one would invest in asset types such as copper when all of the hedge funds are targeting them, Cramer advised buying Southern Copper (PCU - Cramer's Take - Stockpickr - Rating), "which has a good yield."

He believes copper will be in short supply in the long run because hybrid batteries in cars use a "gigantic amount" of the mineral."

   
   

PCU still making new 52wk highs, man this stock is on fire. Im not in it anymore wish I was  . What can you do though to many good stocks and to little time and money to catch them all.

Quote from: Melf Elf on January 27, 2007, 06:08:44 AM

Very, very difficult to buy that Bullish Doji Star Hammer at support on January 4 if we had been watching it, after PCU got Cramerized with a COLLAPSE call, but what an OUTSTANDING play, if anyone bought it there, huh?!

Talk about outstanding!!!  PCU has been on such a run this uear it is just ridiculous.  Up over 50% since the beginning of January!! Whew!!

ANd I have to say tht it looks like it may have more legs to make a break to new all time highs.  Today's candle made a clear breakout above previous reisitance and consolidation of the last couple weeks, and puts those all-time highs of 76.50 within reach.  I think that, market blessing provided, we could be seeing that new high over the next few sessions.  I for one am betting on it 

Great chart.

What an appropriate name for the thread - PCU is once again breaking to all-tim highs, having gotten above 76.50.  I think that we could see this continuing from here...