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[Entering Position in Premier Exhibitions (PRXI)]
Dear Member:
I am looking at Premier Exhibitions (PRXI) as a potential dead cat bounce. The company produces museum quality touring exhibitions like Titanic and Bodies. It fell recently after when 4th quarter earnings were down 2 cents a share over the year ago period. However, the company earned 18 cents a share vs. 6 cents last year. The revenue more than doubled over a year ago as well. The stock has recently bounced off a support and stochastics have turned positive.
I am placing an order to buy shares at a limit of $4.65. The initial exit if I am wrong on the direction is at $4.24.
DISCLOSURE: At the time of publication, I have no position in PRXI.
Sincerely,
Bill Kraft
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