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[sharechat] PFI

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Wed, 6 Mar 2002 13:04:31 -0800 (PST)

 For over 2 years, PFI has been in a slow, steady uptrend. Common sense tells 
us that trends like this are more sustainable than sudden steep rises. There 
has been historical resistance 90 cents, which, being a round figure, is also a 
psychological barrier. (Resistance is not uncommon at round figures - aren't 
human beings crazy, illogical creatures?)
 If I were a longterm investor, this is the type of stock I would buy and hold. 
For a longterm investor to buy and hold stocks that are in longterm downtrends 
strikes me as illogical, at best.

          Phaedrus.

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