This entry was posted on Tuesday, August 26th, 2008 at 3:42 pm and is filed under Music.
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PGTI stock is owned 68% by insiders and 30% by institutions, which tells you that there are very few shares out there. If buyers continue to come in, one could have a major squeeze (as it happened in late July of this year from $4 to almost $6).
Appropriate. One of few times I have been able to relate to your “taste” (if it can be called that) in music…..
August 26th, 2008 at 4:33 pmLooks like hurricane plays might be the focus tommorow. Look at IPII….. already up too much…
take a peek at PGTI (nasdaq)
The company was profitable in the last quarter and the float is only 7.6 million shares, with 727,000 of them (almost 10%) have been sold short.
http://www.bloomberg.com/apps/quote?ticker=pgti
The chart is looking very good, as the stock is above the 10-day, 30-day, 50-day and the 200-day moving avgs:
http://stockcharts.com/charts/gallery.html?pgti
PGTI stock is owned 68% by insiders and 30% by institutions, which tells you that there are very few shares out there. If buyers continue to come in, one could have a major squeeze (as it happened in late July of this year from $4 to almost $6).
http://finance.yahoo.com/q/ks?s=PGTI
Notice that the Point & Figure chart at the bottom is Showing “Bullish Price Objective” and a $11.25 target.
August 26th, 2008 at 6:39 pm